H.R. 2121: Pension, Endowment, and Mutual Fund Access to Banking Act

CBO Score

$50 million

Date of Report

Fri February 23rd, 2018

CBO Report Details

Legislation Details

115th Congress

To require the appropriate Federal banking agencies to revise regulations to specify that certain funds shall not be taken into account when calculating any supplementary leverage ratio for custodial banks, and for other purposes.

Sponsor: Rep. Keith Rothfus — R — PA

This bill excludes, for purposes of calculating a custodial bank's supplementary leverage ratio, funds of a custodial bank that are deposited with certain central banks. ("Supplementary leverage ratio" is a capital adequacy measure that refers to the ratio of a banking organization's tier-one capital to its leverage exposure.) The amount of such funds shall be limited, as specified by the bill.

View the full vote history of this bill on GovTrack.us.

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