To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.

1/11/2023, 1:32 PM

Congressional Summary of HR 4353

This bill amends the Commodity Exchange Act to exclude from the meaning of "financial entity," and so exempt from swap clearing requirements, the bank holding company or savings and loan holding company of a small bank or savings association (whose total assets are $10 billion or less) if the total consolidated assets of the holding company are no greater than that asset threshold.

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Current Status of Bill HR 4353

Bill HR 4353 is currently in the status of Bill Introduced since January 8, 2016. Bill HR 4353 was introduced during Congress 114 and was introduced to the House on January 8, 2016. Bill HR 4353's most recent activity was Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. as of January 22, 2016

Bipartisan Support of Bill HR 4353

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4353

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation

- Commodities markets

Alternate Title(s) of Bill HR 4353

To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.