HR 4247 · 115th Congress · Finance and Financial Sector

Restoring Financial Market Freedom Act of 2017

Introduced 2017-11-03· Sponsored by Rep. Budd, Ted [R-NC-13]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 886.(2019-01-02)

Plain Language Summary

[AI summary unavailable — showing source text] Restoring Financial Market Freedom Act of 2017 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the authority of the Financial Stability Oversight Council to designate financial market utilities (i.e., payment, clearing, and settlement systems) as "systemically important" (also known as "too big to fail"). Under current law, entities so designated are subject to additional regulatory restrictions.…

Summarized by Claude AI · Non-partisan · For informational purposes only