,,ib  ,union ,calendar ,no4 #caj  #aadth
 ,,congress  #b;d ,session  ,h4 ,r4     
#bbji  ,report ,no4 #aad-djg  ,,in ,,the
 ,,house ,,of ,,representatives  ,may   
#a1 #bjae ,mr4 ,messer 7for himself1    
,mr4 ,king of ,new ,york1 ,ms4 ,sewell  
of ,alabama1 ,mr4 ,stivers1 ,mr4        
,hultgren1 ,mrs4 ,carolyn ,b4 ,maloney  
of ,new ,york1 ,mr4 ,capuano1 ,mr4      
,cleaver1 ,ms4 ,moore1 and ,mr4         
,neugebauer7 introduced the following   
bill2 which was referred to the         
,committee on ,financial ,services      
,february #a1 #bjaf ,additional         
sponsors3 ,ms4 ,sinema1 ,mr4 ,veasey1   
,mr4 ,poliquin1 ,ms4 ,norton1 ,mr4      
,meeks1 ,mr4 ,israel1 ,mr4 ,vargas1 ,mr4
 ,pittenger1 ,mr4 ,sherman1 ,mr4 ,barr1 
,mr4 ,ross1 ,mr4 ,brooks of ,alabama1   
,ms4 ,kelly of ,illinois1 ,mr4 ,hudson1 
,mrs4 ,ellmers of ,north ,carolina1 ,mr4
 ,smith of ,texas1 ,mr4 ,rouzer1 ,mr4   
,kind1 ,mr4 ,latta1 and ,mr4 ,kildee    
,february #a1 #bjaf ,committed to the   
,committee of the ,whole ,house on the  

,state of the ,union and ordered to be  
printed  ,a ,,bill  ,to require the     
appropriate ,federal banking agencies to
 treat certain municipal obligations as 
level #b;,a liquid assets1 and for other
 purposes4  #a4 ,treatment of certain   
municipal obligations  7a7 ,in general  
,section #ah of the ,federal ,deposit   
,insurance ,act 7#ab ,u4,s4,c4 #ahbh7 is
 amended-- 7#a7 by moving subsection 7z7
 so that it appears after subsection    
7y72 and  7#b7 by adding at the end the 
following3  7aa7 ,treatment of certain  
municipal obligations  7#a7 ,in general 
,for purposes of the final rule titled  
,liquidity ,coverage ,ratio3 ,liquidity 
,risk ,measurement ,standards2 ,final   
,rule 7#gi ,fed4 ,reg4 #fadci2 published
 ,october #aj1 #bjad7 7the ,final ,rule7
 and any other regulation which         
incorporates a definition of the term   
high-quality liquid asset1 the          
appropriate ,federal banking agencies   
shall treat a municipal obligation that 
is both liquid and readily marketable   

7as defined in the ,final ,rule7 and    
investment grade as of the calculation  
date as a high-quality liquid asset that
 is a level #b;,a liquid asset4  7#b7   
,definitions ,for purposes of this      
subsection3 7,a7 ,investment grade ,with
 respect to an obligation1 the term     
investment grade has the meaning given  
that term under part #a of title #ab1   
,code of ,federal ,regulations4  7,b7   
,municipal obligation ,the term         
municipal obligation means an obligation
 of a ,state or any political           
subdivision thereof1 or any agency or   
instrumentality of a ,state or any      
political subdivision thereof4  4  7b7  
,amendment to liquidity coverage ratio  
regulations ,not later than the end of  
the #c-month period beginning on the    
date of the enactment of this ,act1 the 
,federal ,deposit ,insurance            
,corporation1 the ,board of ,governors  
of the ,federal ,reserve ,system1 and   
the ,comptroller of the ,currency shall 
amend the final rule titled ,liquidity  

,coverage ,ratio3 ,liquidity ,risk      
,measurement ,standards2 ,final ,rule   
7#gi ,fed4 ,reg4 #fadci2 published      
,october #aj1 #bjad7 to implement the   
amendments made by this ,act4  ,february
 #a1 #bjaf ,committed to the ,committee 
of the ,whole ,house on the ,state of   
the ,union and ordered to be printed