[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4210 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4210

  To amend the Financial Stability Act of 2010 to apply the enhanced 
  supervision and prudential standards applicable under such Act with 
  respect to bank holding companies to large banks that do not have a 
             bank holding company, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 20, 2023

   Ms. Waters (for herself, Ms. Velazquez, Mr. Sherman, Mr. Green of 
 Texas, Mr. Cleaver, Mrs. Beatty, Mr. Vargas, Ms. Garcia of Texas, and 
  Ms. Tlaib) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Financial Stability Act of 2010 to apply the enhanced 
  supervision and prudential standards applicable under such Act with 
  respect to bank holding companies to large banks that do not have a 
             bank holding company, 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 ``Closing the Enhanced Prudential 
Standards Loophole Act''.

SEC. 2. ENHANCED SUPERVISION AND PRUDENTIAL STANDARDS FOR BANKS WITH NO 
              BANK HOLDING COMPANY.

    Section 165 of the Financial Stability Act of 2010 (12 U.S.C. 5365) 
is amended by adding at the end the following:
    ``(l) Application to Banks With No Bank Holding Company.--The 
provisions of this section shall apply to a bank that does not have a 
bank holding company to the same extent as such provisions apply to a 
bank holding company with the same amount of total consolidated assets 
as the bank.''.
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