Local School Foods Expansion Act of 2025

House Bill

H.R. 5234

119th Congress

Local School Foods Expansion Act of 2025

In Committee

Introduced:Oct 3, 2025

Primary Sponsor

Darren Soto

Representative

Democratic

FL-9

Cosponsors

2

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would allow derivatives clearing organizations and clearing agencies to open accounts at the Federal Reserve Bank. This could help these financial institutions more easily and securely handle their cash and transactions.

Latest Action

Referred to the House Committee on Financial Services.

AI Summary

Plain-English explanation of this bill

This bill would allow derivatives clearing organizations and clearing agencies to open accounts at the Federal Reserve Bank. This could help these financial institutions more easily and securely handle their cash and transactions.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Risk Management for Derivatives Clearing Organizations Act This bill allows derivatives clearing organizations and clearing agencies to maintain accounts at a Federal Reserve Bank.

Key Points

Main provisions of the bill

Allows derivatives clearing organizations and clearing agencies to open accounts at the Federal Reserve Bank
This could provide these financial institutions with more secure and efficient ways to manage their cash and transactions
Clearing organizations help ensure the proper execution and settlement of derivative trades

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would primarily impact derivatives clearing organizations and clearing agencies, which play a critical role in the financial markets. By allowing them to have Federal Reserve accounts, it could streamline their operations and enhance the stability of the derivatives market, which affects many investors and businesses.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5234, 119th Congress (2025). "Local School Foods Expansion Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5234