115 HR 4566 RH: Alleviating Stress Test Burdens to Help Investors Act U.S. House of Representatives 2017-12-06 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IB Union Calendar No. 457 115th CONGRESS2d Session H. R. 4566 [Report No. 115–601] IN THE HOUSE OF REPRESENTATIVES December 6, 2017 Mr. Poliquin introduced the following bill; which was referred to the Committee on Financial Services March 15, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on December 6, 2017 A BILL To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide relief to nonbanks from certain stress test requirements under such Act.

1.

Short title

This Act may be cited as the Alleviating Stress Test Burdens to Help Investors Act.

2.

Stress test relief for nonbanks

Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5365(i)) is amended— (1)in paragraph (1)(B)(ii), by striking and nonbank financial companies; and (2)in paragraph (2)— (A)in subparagraph (A), by striking are regulated by a primary Federal financial regulatory agency and inserting: whose primary financial regulatory agency is a Federal banking agency or the Federal Housing Finance Agency; (B)in subparagraph (C), by striking Each Federal primary financial regulatory agency and inserting Each Federal banking agency and the Federal Housing Finance Agency; and (C)by adding at the end the following: (D)

SEC and CFTC

The Securities and Exchange Commission and the Commodity Futures Trading Commission may each issue regulations requiring financial companies with respect to which they are the primary financial regulatory agency and that have total consolidated assets of more than $10,000,000,000 to conduct periodic analyses of the financial condition, including available liquidity, of such companies under adverse economic conditions..

3.

Rule of construction

Nothing in this Act shall be construed to limit the authority of the Financial Stability Oversight Council under section 120 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5330).

March 15, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed