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H.R. 493: Subsidy Reserve Act of 2017

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require certain systemically important entities to account for the financial benefit they receive as a result of the expectations on the part of shareholders, creditors, and counterparties of such entities that the Government will shield them from losses in the event of failure, and for other purposes.

The bill’s titles are written by its sponsor.

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Overview

Introduced:

Jan 12, 2017

Status:

Introduced on Jan 12, 2017

This bill is in the first stage of the legislative process. It was introduced into Congress on January 12, 2017. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Sponsor:

Michael Capuano

Representative for Massachusetts's 7th congressional district

Democrat

Text:

Read Text »
Last Updated: Jan 12, 2017
Length: 4 pages

Prognosis:

1% chance of being enacted according to Skopos Labs (details)

History

Jan 12, 2017
 
Introduced

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

Pending
 
Ordered Reported

Pending
 
Passed House (Senate next)

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 493 is 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.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 493 — 115th Congress: Subsidy Reserve Act of 2017.” www.GovTrack.us. 2017. September 25, 2017 <https://www.govtrack.us/congress/bills/115/hr493>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.