,,ii  #aad? ,,congress  #b;d ,session   
,s4 #cdjd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bg1         
#bjaf,mr4 ,r\nds 7= himself1 ,mr4 ,w>n]1
 ,mr4 ,s*um]1 ,mr4 ,te/]1 ,mr4 ,kirk1   
,ms4 ,heitkamp1 ,mr4 ,scott1 ,mr4       
,moran1 ,mr4 ,vitt]1 & ,mr4 ,donnelly7  
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,deposit      
,insurance ,act to require ! appropriate
 ,f$]al bank+ ag5cies to treat c]ta9    
municipal obligations z level #b;,b     
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 ,def9itions 
,9 ?is subsection--  7,a7 ! t]m inve/m5t
 grade1 ) respect to an obligation1 has 

! mean+ giv5 ! t]m 9 section #a4b (     
title #ab1 ,code ( ,f$]al ,regulations1 
or any successor !reto2  7,b7 ! t]m     
liquid & readily-m>ketable has ! mean+  
giv5 ! t]m 9 section #bdi4c ( title #ab1
 ,code ( ,f$]al ,regulations1 or any    
successor !reto2 &  7,c7 ! t]m municipal
 obligation means an obligation (-- 7i7 
a ,/ate or any political subdivision    
!re(2 or  7ii7 any ag5cy or             
in/rum5tality ( a ,/ate or any political
 subdivision !re(4  7#b7 ,municipal     
obligations ,= purposes ( ! f9al rule   
entitl$ ,liquidity ,cov]age ,ratio3     
,liquidity ,risk ,measurem5t ,/&>ds 7#gi
 ,f$4 ,reg4 #fadci 7,octob] #aj1        
#bjad771 ! f9al rule entitl$ ,liquidity 
,cov]age ,ratio3 ,treatm5t ( ,u4,s4     
,municipal ,securities z ,high-,quality 
,liquid ,assets 7#ha ,f$4 ,reg4 #babbc  
7,april #aa1 #bjaf771 & any o!r         
regulation t incorporates a def9ition ( 
! t]m high-quality liquid asset or ano!r
 sub/antially simil> t]m1 ! appropriate 
,f$]al bank+ ag5cies %all treat a       

municipal obligation z a high-quality   
liquid asset t is a level #b;,b liquid  
asset if t obligation is1 z ( ! date (  
calculation--  7,a7 liquid &            
readily-m>ketable2 &  7,b7 inve/m5t     
grade4  4  7b7 ,am5dm5t to liquidity    
cov]age ratio regulations ,n lat] ?an   
#ij days aft] ! 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       
entitl$ ,liquidity ,cov]age ,ratio3     
,liquidity ,risk ,measurem5t ,/&>ds 7#gi
 ,f$4 ,reg4 #fadci 7,octob] #aj1 #bjad77
 & ! f9al rule entitl$ ,liquidity       
,cov]age ,ratio3 ,treatm5t ( ,u4,s4     
,municipal ,securities z ,high-,quality 
,liquid ,assets 7#ha ,f$4 ,reg4 #babbc  
7,april #aa1 #bjaf77 to implem5t !      
am5dm5ts made by ?is ,act4