[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3992 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 3992

 To amend the Financial Stability Act of 2010 to require stress tests 
    performed pursuant to that Act to evaluate for the increase and 
          decrease of interest rates, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              June 9, 2023

 Mr. Sherman introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
 To amend the Financial Stability Act of 2010 to require stress tests 
    performed pursuant to that Act to evaluate for the increase and 
          decrease of interest rates, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Effective Bank Regulation Act''.

SEC. 2. STRESS TEST SCENARIO.

    Section 165(i)(1)(B)(i) of the Financial Stability Act of 2010 (12 
U.S.C. 5365(i)(1)(B)(i)) is amended--
            (1) by striking ``2 different'' and inserting ``5 
        different''; and
            (2) by striking ``baseline and severely adverse'' and 
        inserting ``baseline, adverse, severely adverse, a set of 
        conditions that evaluates for increases in interest rates, and 
        a set of conditions that evaluates for decreases in interest 
        rates''.
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