H.R. 2121: Pension, Endowment, and Mutual Fund Access to Banking Act

115th Congress · introduced 2017-04-25 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 504.

federal

Follow this bill, step by step

Where it came from: introduced 2017-04-25 · official record
Who proposed it: Rep. Rothfus, Keith J. [R-PA-12] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Placed on the Union Calendar, Calendar No. 504. Not final yet: this can still change. We check for updates every day.
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

Pension, Endowment, and Mutual Fund Access to Banking Act

Plain summary

Pension, Endowment, and Mutual Fund Access to Banking Act This bill excludes, for purposes of calculating a custodial bank's supplementary leverage ratio, funds of a custodial bank that are deposited with certain central banks. ("Supplementary leverage ratio" is a capital adequacy measure that refers to the ratio of a banking organization's tier-one capital to its leverage exposure.) The amount of such funds shall be limited, as specified by the bill.

Congressional Research Service summary (Reported to House with amendment(s)), 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

Pension, Endowment, and Mutual Fund Access to Banking Act

Source: Congressional Research Service summary (Reported to House with amendment(s))

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Rep. Rothfus, Keith J. [R-PA-12] · 38 cosponsors

Cost estimate: CBO cost estimate: H.R. 2121, Pension, Endowment, and Mutual Fund Access to Banking Act (2018-02-23)

Cosponsors on this site

Bill Foster (D-IL), Barry Loudermilk (R-GA), Gregory W. Meeks (D-NY), Andy Barr (R-KY), Nydia M. Velázquez (D-NY), Josh Gottheimer (D-NJ), Stephen F. Lynch (D-MA), Gwen Moore (D-WI), James A. Himes (D-CT), J. French Hill (R-AR), Bill Huizenga (R-MI), Ted Budd (R-NC), Tom Emmer (R-MN), James P. McGovern (D-MA), Katherine M. Clark (D-MA), Jim Banks (R-IN), Claudia Tenney (R-NY), Seth Moulton (D-MA), Ann Wagner (R-MO)

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).
Endowment: A fund that is invested so its earnings pay for a purpose over time, while the main amount is kept.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House with amendment(s))
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr2121.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr2121 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115