To place a 6-month moratorium on the authority of the Financial Stability Oversight Council to make financial stability determinations.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 17, 2014)
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.
What just happenedJun 20, 2014
Ordered to be Reported by the Yeas and Nays: 32 - 27.
Who’s behind it
- Introduced in HouseJun 17, 2014
- Jun 20, 2014Committee
Ordered to be Reported by the Yeas and Nays: 32 - 27.
- Jun 20, 2014Committee
Committee Consideration and Mark-up Session Held.
- Jun 17, 2014IntroReferralH11100
Referred to the House Committee on Financial Services.
- Jun 17, 2014IntroReferralIntro-H
Introduced in House
- Jun 17, 2014IntroReferral1000
Introduced in House