HR 4604 · 116th Congress · Finance and Financial Sector

Small Financial Institution Certainty Act

Introduced 2019-10-04· Sponsored by Rep. Dunn, Neal P. [R-FL-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2019-10-16)

Plain Language Summary

[AI summary unavailable — showing source text] Small Financial Institution Certainty Act This bill requires the Commodity Futures Trading Commission (CFTC) to exempt certain financial institutions from clearing requirements for commodity swaps. Specifically, the CFTC must exempt insured depository institutions, farm credit system institutions, credit unions, bank holding companies, and savings and loan holding companies that have less than $10 billion in assets. Currently, the CFTC has discretion regarding whether to exempt depository institutions, farm credit system institutions, and credit unions that have less than $10 billion in assets.…

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

Cosponsors (1)

1 Democrat
Rep. Cox, TJ [D-CA-21]CA