Restoring Financial Market Freedom Act of 2017

Bill: 115-hr-4247
Sponsor: full_name: Rep. Budd, Ted [R-NC-13]
Introduced: 2017-11-03
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Credit and credit markets

Securities
Latest action: action_date: 2019-01-02
text: Placed on the Union Calendar, Calendar No. 886.

Summaries:
action_date: 2017-11-03
action_desc: Introduced in House
text: <p><b>Restoring Financial Market Freedom Act of 2017</b></p> <p>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 &quot;systemically important&quot; (also known as &quot;too big to fail&quot;). Under current law, entities so designated are subject to additional regulatory restrictions.

tv_txt: I 115th CONGRESS 1st Session H. R. 4247 IN THE HOUSE OF REPRESENTATIVES November 3, 2017 Mr. Budd introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

1. Short title This Act may be cited as the Restoring Financial Market Freedom Act of 2017 . 2. Repeal of title VIII (a) Repeal Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5461 et seq.) is repealed, and provisions of law amended by such title are restored and revived as if such title had never been enacted. (b) Clerical amendment The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the items relating to title VIII.

tv_txt: IB Union Calendar No. 886 115th CONGRESS 2d Session H. R. 4247 [Report No. 115–1119] IN THE HOUSE OF REPRESENTATIVES November 3, 2017 Mr. Budd introduced the following bill; which was referred to the Committee on Financial Services January 2, 2019 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To repeal title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

1. Short title This Act may be cited as the Restoring Financial Market Freedom Act of 2017 . 2. Repeal of title VIII (a) Repeal Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5461 et seq.) is repealed, and provisions of law amended by such title are restored and revived as if such title had never been enacted. (b) Clerical amendment The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the items relating to title VIII.

January 2, 2019 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed