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H.R. 5585 (109th): Financial Netting Improvements Act of 2006

To improve the netting process for financial contracts, and for other purposes.

Sponsor and status

Patrick McHenry

Sponsor. Representative for North Carolina's 10th congressional district. Republican.

Read Text »
Last Updated: Nov 16, 2006
Length: 9 pages
Introduced
Jun 12, 2006
109th Congress, 2005–2006
Status

Enacted — Signed by the President on Dec 12, 2006

This bill was enacted after being signed by the President on December 12, 2006.

Law
Pub.L. 109-390
Source

History

Jun 12, 2006
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jun 14, 2006
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Sep 27, 2006
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

Sep 30, 2006
 
Passed Senate with Changes (back to House)

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes. The vote was by Unanimous Consent so no record of individual votes was made.

Oct 1, 2006
 
Text Published

Updated bill text was published as of Passed the Senate with an Amendment.

Nov 15, 2006
 
House Agreed to Changes

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill.

Dec 12, 2006
 
Enacted — Signed by the President

The President signed the bill and it became law.

H.R. 5585 (109th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the 109th Congress, which met from Jan 4, 2005 to Dec 9, 2006. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 5585 — 109th Congress: Financial Netting Improvements Act of 2006.” www.GovTrack.us. 2006. December 10, 2019 <https://www.govtrack.us/congress/bills/109/hr5585>

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