About the bill
H.R. 4292 amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to reform the resolution plan submission (“living will”) process by requiring bank holding companies to submit to the Federal Reserve Board (Federal Reserve) and the Federal Deposit Insurance Corporation (FDIC) resolution plans every two years. This bill also requires the Federal Reserve and FDIC to provide feedback regarding a submitted resolution plan within six months after a bank holding company submission. This bill also requires the Federal Reserve and FDIC to publicly disclose the assessment framework used to review the adequacy of resolution plans.
Section 165 of the Dodd-Frank Act requires bank holding companies with total consolidated assets of $50 billion or more (also known as systemically-important financial institutions (SIFIs)), and nonbank financial companies designated by the ...
Sponsor and status
Sponsor. Representative for New York's 1st congressional district. Republican.
Last Updated: Feb 5, 2018
Length: 5 pages
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on January 30, 2018 but was never passed by the Senate.
What legislators are saying
“Rep. Zeldins Bipartisan Living Wills Bill Unanimously Passes House”
— Rep. Lee Zeldin [R-NY1] (Sponsor) on Jan 30, 2018
H.R. 4292 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4292. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2020). H.R. 4292 — 115th Congress: Financial Institution Living Will Improvement Act of 2017. Retrieved from https://www.govtrack.us/congress/bills/115/hr4292
“H.R. 4292 — 115th Congress: Financial Institution Living Will Improvement Act of 2017.” www.GovTrack.us. 2017. August 13, 2020 <https://www.govtrack.us/congress/bills/115/hr4292>
Financial Institution Living Will Improvement Act of 2017, H.R. 4292, 115th Cong..
|title=H.R. 4292 (115th)
|accessdate=August 13, 2020
|author=115th Congress (2017)
|date=November 7, 2017
|quote=Financial Institution Living Will Improvement Act of 2017
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