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Bill115th CongressFiled Nov 7, 2017Finance and Financial Sector
H.R. 4293

Stress Test Improvement Act of 2017

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Apr 11, 2018)

Stress Test Improvement Act of 2017

(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) establishing limitations on Comprehensive Capital Analysis and Review by the Federal Reserve Board, (2) reducing the frequency of stress testing from semiannual to annual, and (3) otherwise revising provisions related to stress testing.

(Sec. 4) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

What just happenedApr 12, 2018

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

Who’s behind it

Rep. Zeldin, Lee M. [R-NY-1](R-NY)Sponsor
2 cosponsors2 D
Read on Congress.gov
2cosponsors2committees24actions1amendments1related bills4subjects
  1. Apr 12, 2018IntroReferral

    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. Apr 11, 2018FloorH38310

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

  3. Apr 11, 2018FloorH37100

    On passage Passed by the Yeas and Nays: 245 - 174 (Roll no. 137). (text: CR H3112)

  4. Apr 11, 2018Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 245 - 174 (Roll no. 137).(text: CR H3112)

  5. Apr 11, 2018FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 188 - 231 (Roll no. 136).

    Financial Services Committee
  6. Apr 11, 2018FloorH30000

    Considered as unfinished business. (consideration: CR H3128-3129)

  7. Apr 11, 2018FloorH8D000

    POSTPONED PROCEEDINGS - At the conclusion of debate on the Maxine Waters motion to recommit with instructions, the Chair put the question on the motion to recommit and by voice vote announced that the ayes had prevailed. Ms. Maxine Waters demanded the yeas and nays, and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.

  8. Apr 11, 2018FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection.

  9. Apr 11, 2018FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the Maxine Waters motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require stronger semi-annual stress tests for any global systemically important bank holding company or subsidiary that has engaged in a pattern of unsafe banking practices or any other violations related to consumer harm.

  10. Apr 11, 2018FloorH36100

    Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H3118)

    Financial Services Committee
  11. Apr 11, 2018FloorH35000

    The previous question was ordered pursuant to the rule.

  12. Apr 11, 2018FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 4293.

  13. Apr 11, 2018FloorH8D000

    The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.

  14. Apr 11, 2018FloorH30000

    Considered under the provisions of rule H. Res. 780. (consideration: CR H3112-3119)

  15. Mar 15, 2018FloorH1L220

    Rule H. Res. 780 passed House.

  16. Mar 14, 2018FloorH1L210

    Rules Committee Resolution H. Res. 780 Reported to House. The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.

  17. Mar 13, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 451.

  18. Mar 13, 2018CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-593.

    Financial Services Committee
  19. Mar 13, 2018Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-593.

    Financial Services Committee
  20. Nov 15, 2017Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 38 - 21.

    Financial Services Committee
  21. Nov 15, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  22. Nov 7, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  23. Nov 7, 2017IntroReferralIntro-H

    Introduced in House

  24. Nov 7, 2017IntroReferral1000

    Introduced in House

Passed House amendedApr 11, 201836

Stress Test Improvement Act of 2017

(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) establishing limitations on Comprehensive Capital Analysis and Review by the Federal Reserve Board, (2) reducing the frequency of stress testing from semiannual to annual, and (3) otherwise revising provisions related to stress testing.

(Sec. 4) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

Reported to House with amendment(s)Mar 13, 201817

Stress Test Improvement Act of 2017

This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) establishing limitations on Comprehensive Capital Analysis and Review by the Federal Reserve Board, (2) reducing the frequency of stress testing from semiannual to annual, and (3) otherwise revising provisions related to stress testing.

Introduced in HouseNov 7, 2017

Stress Test Improvement Act of 2017

This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) requiring the Federal Reserve Board (FRB) to revise its regulations regarding specified conditions, methodologies, and models for stress testing; (2) establishing limitations on Comprehensive Capital Analysis and Review by the FRB; and (3) reducing the frequency of stress testing from semiannual to annual.

Stress Test Improvement Act of 2017 — Informed