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 Financial …
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.
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).
3 Cosponsors (2 Democrats, 1 Republican)
What legislators are saying
“Rep. Zeldins Bipartisan Living Wills Bill Unanimously Passes House”
— Rep. Lee Zeldin [R-NY1, 2015-2022] (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 passed 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. (2023). 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. September 28, 2023 <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=September 28, 2023
|author=115th Congress (2017)
|date=November 7, 2017
|quote=Financial Institution Living Will Improvement Act of 2017
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.