# 115-hr-4247: Restoring Financial Market Freedom Act of 2017

115-hr-4247, Restoring Financial Market Freedom Act of 2017, is a 115th Congress bill sponsored by Sen. Budd, Ted [R-NC] (R-NC); status Placed on the Union Calendar, Calendar No. 886. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-4247
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-4247
- Congress: 115
- Title: Restoring Financial Market Freedom Act of 2017
- Status: Placed on the Union Calendar, Calendar No. 886.
- Introduced: 2017-11-03
- Sponsor: Sen. Budd, Ted [R-NC] (R-NC)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Restoring Financial Market Freedom Act of 2017 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the authority of the Financial Stability Oversight Council to designate financial market utilities (i.e., payment, clearing, and settlement systems) as "systemically important" (also known as "too big to fail"). Under current law, entities so designated are subject to additional regulatory restrictions.

## Related bills

- 115-hr-7394: To prohibit the Federal financial regulators from requiring compliance with the accounting standards update of the Financial Accounting Standards Board related…
- 115-hr-7361: To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.
- 115-hr-7229: Student Rights Act of 2018
- 115-hr-7225: U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018
- 115-hr-7224: Virtual Currency Consumer Protection Act of 2018
- 115-hr-7085: Veterans BOND Act

## Sources
- [115-hr-4247 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/4247)

## Related
- [115-hr-7394: To prohibit the Federal financial regulators from requiring compliance with the…](https://policyrisk.com/legislation/115-hr-7394)
- [115-hr-7361: To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss o…](https://policyrisk.com/legislation/115-hr-7361)
- [115-hr-7229: Student Rights Act of 2018](https://policyrisk.com/legislation/115-hr-7229)
- [115-hr-7225: U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018](https://policyrisk.com/legislation/115-hr-7225)
- [115-hr-7224: Virtual Currency Consumer Protection Act of 2018](https://policyrisk.com/legislation/115-hr-7224)
- [115-hr-7085: Veterans BOND Act](https://policyrisk.com/legislation/115-hr-7085)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-4247 (as of 2025-11-18).