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Bill115th CongressFiled Jul 19, 2017Finance and Financial Sector
H.R. 3312

Systemic Risk Designation Improvement Act of 2017

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Dec 19, 2017)

Systemic Risk Designation Improvement Act of 2017

(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision.

The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision.

Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio.

(Sec. 3) The FRB must publish the list of companies that have been identified as requiring enhanced supervision.

(Sec. 5) The bill provides for the temporary extension of fees and assessments collected from specified bank holding companies under current law, and includes a limit on the total amount collected under the extension.

What just happenedDec 20, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
69 cosponsors16 D53 R
Read on Congress.gov
69cosponsors2committees18actions1amendments2related bills7subjects
  1. Dec 20, 2017IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Dec 19, 2017FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Dec 19, 2017FloorH37100

    On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694). (text: CR H10220-10221)

  4. Dec 19, 2017Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694).(text: CR H10220-10221)

  5. Dec 19, 2017FloorH35000

    The previous question was ordered pursuant to the rule.

  6. Dec 19, 2017FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 3312.

  7. Dec 19, 2017FloorH8D000

    The resolution provides for consideration of the conference report to accompany H.R. 1. Additionally, the resolution provides for consideration of H.R. 3312, under a closed rule. The rule provides for one hour of general debate and one motion to recommit on both the conference report and H.R. 3312. Lastly, the rule provides for motions to suspend the rules through the remainder of the first session of the 115th Congress.

  8. Dec 19, 2017FloorH30000

    Considered under the provisions of rule H. Res. 667. (consideration: CR H10220-10229)

  9. Nov 28, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 313.

  10. Nov 28, 2017CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-423.

    Financial Services Committee
  11. Nov 28, 2017Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-423.

    Financial Services Committee
  12. Oct 12, 2017Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 12.

    Financial Services Committee
  13. Oct 12, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  14. Oct 11, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  15. Sep 7, 2017Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

    Consumer Protection and Financial Institutions Subcommittee
  16. Jul 19, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  17. Jul 19, 2017IntroReferralIntro-H

    Introduced in House

  18. Jul 19, 2017IntroReferral1000

    Introduced in House

Passed House amendedDec 19, 201736

Systemic Risk Designation Improvement Act of 2017

(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision.

The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision.

Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio.

(Sec. 3) The FRB must publish the list of companies that have been identified as requiring enhanced supervision.

(Sec. 5) The bill provides for the temporary extension of fees and assessments collected from specified bank holding companies under current law, and includes a limit on the total amount collected under the extension.

Reported to House with amendment(s)Nov 28, 201717

Systemic Risk Designation Improvement Act of 2017

(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision.

The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision.

Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio.

(Sec. 3) The FRB must publish the list of companies that have been identified as requiring enhanced supervision.

Introduced in HouseJul 19, 2017

Systemic Risk Designation Improvement Act of 2017

This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision.

The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision.

Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio.

The FRB must publish the list of companies that have been identified as requiring enhanced supervision.

Systemic Risk Designation Improvement Act of 2017 — Informed