About the bill
H.R. 4293 improves the stress testing process for bank holding companies. Specifically, the bill improves the process by:
- Requiring certain bank holding companies to conduct company-run stress tests once a year rather than semiannually;
- Reduces the number of supervisory scenarios from three to two—the baseline and severely adverse scenario;
- Does away with mid-year stress tests;
- Prohibits the Federal Reserve from objecting to a bank holding company’s capital plan based on qualitative deficiencies.
The Federal Reserve (Fed) administers a set of “stress tests” to determine the ability of U.S. banks to withstand periods of economic turmoil. Title I of Dodd-Frank requires company-run stress tests for any (bank or nonbank) financial firm with more than $10 billion in assets and Fed-run stress tests (called DFAST) for any bank holding company or nonbank …
Sponsor and status
Sponsor. Representative for New York's 1st congressional district. Republican.
Last Updated: Apr 12, 2018
Length: 4 pages
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on April 11, 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).
2 Cosponsors (2 Democrats)
What legislators are saying
What stakeholders are saying
H.R. 4293 (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. 4293. 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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GovTrack.us. (2022). H.R. 4293 — 115th Congress: Stress Test Improvement Act of 2017. Retrieved from https://www.govtrack.us/congress/bills/115/hr4293
“H.R. 4293 — 115th Congress: Stress Test Improvement Act of 2017.” www.GovTrack.us. 2017. September 29, 2022 <https://www.govtrack.us/congress/bills/115/hr4293>
Stress Test Improvement Act of 2017, H.R. 4293, 115th Cong..
|title=H.R. 4293 (115th)
|accessdate=September 29, 2022
|author=115th Congress (2017)
|date=November 7, 2017
|quote=Stress Test Improvement Act of 2017
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