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H.R. 1624: Municipal Finance Support Act of 2017

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H.R. 1624: Municipal Finance Support Act of 2017

115th Congress · introduced 2017-03-20 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-03-20 · official record
  2. Who proposed it: Rep. Messer, Luke [R-IN-6] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Municipal Finance Support Act of 2017

Plain summary

Municipal Finance Support Act of 2017 (Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Municipal Finance Support Act of 2017

Source: Congressional Research Service summary (Passed House amended)

AI explanation – may be wrong, check the official text

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Messer, Luke [R-IN-6] · 19 cosponsors

Cost estimate: CBO cost estimate: H.R. 1624, Municipal Finance Support Act of 2017 (2017-09-13)

Cosponsors on this site

Gregory W. Meeks (D-NY), Robin L. Kelly (D-IL), Terri A. Sewell (D-AL), Eleanor Holmes Norton (D-DC), Gwen Moore (D-WI), Marc A. Veasey (D-TX), Brad Sherman (D-CA), Richard Hudson (R-NC), Nydia M. Velázquez (D-NY), Brian K. Fitzpatrick (R-PA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Obligation
A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr1624 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115