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H.R. 5749 (115th): Options Markets Stability Act

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About the bill

Source: Republican Policy Committee

H.R. 5749 requires the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to adjust the risk-sensitivity of the capital treatment of centrally cleared options. In addition, the bills requires an offset using a “delta adjustment” and “netting” of correlated positions in the calculation of the Current Exposure Model used for bank capital rules.

In response to the 2008 financial crisis, the Basel Committee on Banking Supervision (Basel Committee) agreed to modify internationally negotiated bank regulatory standards known as the Basel Accords, to increase bank capital requirements. On July 9, 2013, the federal banking regulators, including the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), issued a final rule to implement most ...

Sponsor and status

Randy Hultgren

Sponsor. Representative for Illinois's 14th congressional district. Republican.

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Last Updated: Jul 11, 2018
Length: 4 pages
Introduced
May 10, 2018
115th Congress (2017–2019)
Status
Died in a previous Congress

This bill was introduced in a previous session of Congress and was passed by the House on July 10, 2018 but was never passed by the Senate.

Cosponsors

1 Cosponsor (1 Democrat)

Source

Position statements

What legislators are saying

House Passes Hultgrens Options Markets Stability Act
    — Rep. Randy Hultgren [R-IL14, 2011-2018] (Sponsor) on Jul 11, 2018

On the House Floor This Week - 7/9/18
    — Rep. John Delaney [D-MD6, 2013-2018] on Jul 9, 2018

The Week Ahead - scheduled votes, committee action and other important notes for the week of July 9, 2018
    — Rep. David Young [R-IA3, 2015-2018] on Jul 10, 2018

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 5749 will add $18 million in new spending through 2028.

History

May 10, 2018
 
Introduced

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

Jun 14, 2018
 
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.

Jul 10, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Jul 10, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

H.R. 5749 (115th) 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.

Bills numbers restart every two years. That means there are other bills with the number H.R. 5749. This is the one from the 115th Congress.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.

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“H.R. 5749 — 115th Congress: Options Markets Stability Act.” www.GovTrack.us. 2018. July 30, 2021 <https://www.govtrack.us/congress/bills/115/hr5749>

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