Text: H.R.3987 — 116th Congress (2019-2020)All Information (Except Text)

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Introduced in House (07/25/2019)

 
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3987 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 3987

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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2019

    Mr. Loudermilk (for himself and Mr. Perlmutter) introduced the 
   following bill; which was referred to the Committee on Financial 
Services, and in addition to the Committee on Agriculture, for a period 
    to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 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.

    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 ``Alleviating Stress Test Burdens to 
Help Investors Act''.

SEC. 2. STRESS TEST RELIEF FOR NONBANKS.

    Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (12 U.S.C. 5365(i)(2)) is amended--
            (1) 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'';
            (2) in subparagraph (C), by striking ``Each Federal primary 
        financial regulatory agency'' and inserting ``Each Federal 
        banking agency and the Federal Housing Finance Agency''; and
            (3) 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 to conduct periodic 
                analyses of the financial condition, including 
                available liquidity, of such companies under adverse 
                economic conditions.''.
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