,,ib  ,union ,cal5d> ,no4 #caj  #aad?   
,,congress  #b;d ,session  ,h4 ,r4 #bbji
  ,report ,no4 #aad-djg  ,,9 ,,! ,,h\se 
,,( ,,repres5tatives  ,may #a1 #bjae    
,mr4 ,mess] 7= himself1 ,mr4 ,k+ ( ,new 
,york1 ,ms4 ,sewell ( ,alabama1 ,mr4    
,/iv]s1 ,mr4 ,hultgr51 ,mrs4 ,c>olyn ,b4
 ,maloney ( ,new ,york1 ,mr4 ,capuano1  
,mr4 ,cleav]1 ,ms4 ,moore1 & ,mr4       
,neugebau]7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,febru>y #a1 #bjaf ,additional
 sponsors3 ,ms4 ,s9ema1 ,mr4 ,veasey1   
,mr4 ,poliqu91 ,ms4 ,norton1 ,mr4       
,meeks1 ,mr4 ,israel1 ,mr4 ,v>gas1 ,mr4 
,pitt5g]1 ,mr4 ,%]man1 ,mr4 ,b>r1 ,mr4  
,ross1 ,mr4 ,brooks ( ,alabama1 ,ms4    
,kelly ( ,ill9ois1 ,mr4 ,hudson1 ,mrs4  
,ellm]s ( ,nor? ,c>ol9a1 ,mr4 ,smi? (   
,texas1 ,mr4 ,r\z]1 ,mr4 ,k9d1 ,mr4     
,latta1 & ,mr4 ,kildee  ,febru>y #a1    
#bjaf ,committ$ to ! ,committee ( !     
,:ole ,h\se on ! ,/ate ( ! ,union &     
ord]$ to be pr9t$  ,a ,,bill  ,to       
require ! appropriate ,f$]al bank+      

ag5cies to treat c]ta9 municipal        
obligations z level #b;,a liquid assets1
 & = o!r purposes4  #a4 ,treatm5t (     
c]ta9 municipal obligations  7a7 ,9     
g5]al ,section #ah ( ! ,f$]al ,deposit  
,insurance ,act 7#ab ,u4,s4,c4 #ahbh7 is
 am5d$-- 7#a7 by mov+ subsection 7z7 s t
 x appe>s aft] subsection 7y72 &  7#b7  
by add+ at ! end ! foll[+3  7aa7        
,treatm5t ( c]ta9 municipal obligations 
7#a7 ,9 g5]al ,= purposes ( ! f9al rule 
titl$ ,liquidity ,cov]age ,ratio3       
,liquidity ,risk ,measurem5t ,/&>ds2    
,f9al ,rule 7#gi ,f$4 ,reg4 #fadci2     
publi%$ ,octob] #aj1 #bjad7 7! ,f9al    
,rule7 & any o!r regulation :i*         
incorporates a def9ition ( ! t]m        
high-quality liquid asset1 ! appropriate
 ,f$]al bank+ ag5cies %all treat a      
municipal obligation t is bo? liquid &  
readily m>ketable 7z def9$ 9 ! ,f9al    
,rule7 & inve/m5t grade z ( !           
calculation date z a high-quality liquid
 asset t is a level #b;,a liquid asset4 
7#b7 ,def9itions ,= purposes ( ?is      

subsection3 7,a7 ,inve/m5t grade ,)     
respect to an obligation1 ! t]m inve/m5t
 grade has ! mean+ giv5 t t]m "u "p #a (
 title #ab1 ,code ( ,f$]al ,regulations4
  7,b7 ,municipal obligation ,! t]m     
municipal obligation means an obligation
 ( a ,/ate or any political subdivision 
!re(1 or any ag5cy or in/rum5tality ( a 
,/ate or any political subdivision !re(4
  4  7b7 ,am5dm5t to liquidity cov]age  
ratio regulations ,n lat] ?an ! end ( ! 
#c-mon? p]iod beg9n+ on ! date ( !      
enactm5t ( ?is ,act1 ! ,f$]al ,deposit  
,insurance ,corporation1 ! ,bo>d (      
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & !
 ,comptroll] ( ! ,curr5cy %all am5d !   
f9al rule titl$ ,liquidity ,cov]age     
,ratio3 ,liquidity ,risk ,measurem5t    
,/&>ds2 ,f9al ,rule 7#gi ,f$4 ,reg4     
#fadci2 publi%$ ,octob] #aj1 #bjad7 to  
implem5t ! am5dm5ts made by ?is ,act4   
,febru>y #a1 #bjaf ,committ$ to !       
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union & ord]$ to be pr9t$