Text: S.1139 — 115th Congress (2017-2018)All Information (Except Text)

There is one version of the bill.

Text available as:

Shown Here:
Introduced in Senate (05/16/2017)


115th CONGRESS
1st Session
S. 1139


To amend the Financial Stability Act of 2010 to modify the requirements of stress tests.


IN THE SENATE OF THE UNITED STATES

May 16, 2017

Mr. Tester (for himself, Mr. Moran, and Ms. Heitkamp) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs


A BILL

To amend the Financial Stability Act of 2010 to modify the requirements of stress tests.

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 “Main Street Regulatory Fairness Act”.

SEC. 2. Enhanced supervision and prudential standards for nonbank financial companies supervised by the Board of Governors and certain bank holding companies.

Section 165(i)(2)(A) of the Financial Stability Act of 2010 (12 U.S.C. 5365(i)) is amended—

(1) in the first sentence, by striking “semiannual” and inserting “periodic”; and

(2) in the second sentence—

(A) by striking “$10,000,000,000” and inserting “$50,000,000,000”; and

(B) by striking “annual” and inserting “periodic”.