H.R. 5585 · 109th Congress · 2005–2006
Financial Netting Improvements Act of 2006
H.R. 5585 in the 109th Congress (2005–2006) became law — introduced on Jun 12, 2006, sponsored by Patrick T. McHenry with 1 co-sponsors. Congress held 1 roll call vote on it.
During the 109th Congress (2005–2006), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Became law
- Introduced
- Jun 12, 2006
- Co-sponsors
- 1
- Policy area
- Finance and Financial Sector
- Public law
- Public Law 109-390
What it does
Financial Netting Improvements Act of 2006 - (Sec. 2) Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act to revise treatment of certain agreements entered into before appointment of depository institution conservators or receivers, including securities contracts, forward contracts, and swap agreements. (Sec. 3) Defines "person" to include any governmental entity. (Sec.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Patrick T. McHenry (R-NC). Co-sponsors: 1 Democrat.
Where it stands
- IntroducedJun 12, 2006
- Passed the HouseSep 27, 2006
- Passed the SenateSep 30, 2006
- Sent to the PresidentDec 4, 2006
- Became lawDec 12, 2006
Latest action: Became Public Law No: 109-390. (Dec 12, 2006)
How Congress voted
- Suspend the Rules and Agree to Senate Amendments
House · Nov 15, 2006 · Passed395–0
Every roll call vote on this bill
- Financial Netting Improvements ActHouse · Nov 15, 2006
Other Finance and Financial Sector bills in the 109th Congress
- S. 256: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
- S. 467: Terrorism Risk Insurance Extension Act of 2005
- S. 1047: Presidential $1 Coin Act of 2005
- H.R. 4636: Federal Deposit Insurance Reform Conforming Amendments Act of 2005
- H.R. 4912: Rural Health Care Capital Access Act of 2006
- S. 418: Military Personnel Financial Services Protection Act
- S. 3850: Credit Rating Agency Reform Act of 2006
- S. 2856: Financial Services Regulatory Relief Act of 2006
- S. 4044: Religious Liberty and Charitable Donation Clarification Act of 2006
- H.R. 6345: To make a conforming amendment to the Federal Deposit Insurance Act with respect to examinations…
Committees
- Judiciary Committee
- Financial Services Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5585 (109th Congress): Financial Netting Improvements Act of 2006,” https://www.capitolreceipts.com/bill/109-hr-5585/financial-netting-improvements-act-of-2006 (accessed 2026-10-17).