H.R. 1624 · 115th Congress
Municipal Finance Support Act of 2017
- Stage
- Passed a chamber
- Sponsor
- Luke Messer
- Introduced
- 2017-03-20
- Latest action
- 2017-10-04 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
Municipal Finance Support Act of 2017
(Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.