HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.
![handle is hein.congrecreports/crptxabeq0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-656
PENSION, ENDOWMENT, AND MUTUAL FUND ACCESS TO
BANKING ACT
APRIL 26, 2018.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
ADDITIONAL VIEWS
[To accompany H.R. 2121]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2121) to require the appropriate Federal banking agen-
cies 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, having considered
the same, report favorably thereon with amendments and rec-
ommend that the bill as amended do pass.
The amendments are as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Pension, Endowment, and Mutual Fund Access to
Banking Act.
SEC. 2. TREATMENT OF FUNDS DEPOSITED WITH A CENTRAL BANK IN CALCULATING THE AP-
PLICABLE SUPPLEMENTARY LEVERAGE RATIO.
(a) IN GENERAL.-The funds of a custody bank that are deposited with a central
bank shall not be taken into account when calculating the applicable supplementary
leverage ratio for the custody bank.
(b) LIMITATIONS.-
(1) AMOUNTS.-The amount of funds described under subsection (a) shall be
limited to-
(A) the total value of deposits of the custody bank linked to fiduciary or
custodial and safekeeping accounts; or
79-006](ViewImageLocal?handle=hein.congrecreports/crptxabeq0001&div=1&collection=&method=preview&ext=.png&size=3)