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H.R. 4292 (115th): Financial Institution Living Will Improvement Act of 2017

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About the bill

Source: Republican Policy Committee

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 Financial …

Sponsor and status

Photo of sponsor Lee Zeldin

Lee Zeldin

Sponsor. Representative for New York's 1st congressional district. Republican.

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Last Updated: Feb 5, 2018
Length: 5 pages
Introduced
Nov 7, 2017
115th Congress (2017–2019)
Status
Died in a previous Congress

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.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

Cosponsors

3 Cosponsors (2 Democrats, 1 Republican)

Source
Congress.gov
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History

Nov 7, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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Nov 14, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Nov 15, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

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Dec 14, 2017
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

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Jan 30, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

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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 passed by the end of a Congress is cleared from the books.

How to cite this information.

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“H.R. 4292 — 115th Congress: Financial Institution Living Will Improvement Act of 2017.” www.GovTrack.us. 2017. September 28, 2023 <https://www.govtrack.us/congress/bills/115/hr4292>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.