TRIA, a long-time ABIA priority, will expire at the end of this month. The House is expected to begin debate and vote on S.2244, which includes TRIA renewal and establishes NARAB II, at 2:00pm ET today.
Based on our contact with key Congressional staff, the legislation is expected to pass the House this evening along a party-line vote. It remains unclear if the Senate will also pass, as Democrats oppose Title III of the legislation, which includes amendments to the Dodd-Frank Act and the Commodity Exchange Act. The Senate vote is not expected to be held until tomorrow.
ABIA is hopeful that TRIA and NARAB II will be passed this week. We will continue to follow this closely and provide updates.
Based on what is included in the current S. 2244, ABIA has updated our TRIA comparison matrix.
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