HR 4881 · 113th Congress · Finance and Financial Sector
To place a 6-month moratorium on the authority of the Financial Stability Oversight Council to make financial stability determinations.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Ordered to be Reported by the Yeas and Nays: 32 - 27.(2014-06-20)
Plain Language Summary
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Establishes a six-month moratorium during which the Financial Stability Oversight Council is prohibited from making a determination under the Financial Stability Act of 2010 that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System and be subject to prudential standards, if the Council determines that material financial distress at the company (or its nature, scope, size, scale, concentration, interconnectedness, or mix of activities) could pose a threat to the financial stability of the United States.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4881, a bill to place a one-year moratorium on the authority of the Financial Stability Oversight Council to make financial stability determinations
Aug 13, 2014As ordered reported by the House Committee on Financial Services on June 20, 2014
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office