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H.R. 4293 (115th): Stress Test Improvement Act of 2017

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About the bill

Source: Republican Policy Committee

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 ...

Sponsor and status

Lee Zeldin

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

Read Text »
Last Updated: Apr 12, 2018
Length: 4 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 April 11, 2018 but was never passed by the Senate.

Source

Position statements

What legislators are saying

Rep. Zeldins Bipartisan Stress Test Improvement Act, to Safeguard Capital and Protect Consumers, Passes House
    — Rep. Lee Zeldin [R-NY1] (Sponsor) on Apr 11, 2018

THIS WEEK IN CONGRESS - April 13, 2018
    — Rep. Gregorio Sablan [D-MP0] on Apr 16, 2018

On the House Floor This Week - 4/9/18
    — Rep. John Delaney [D-MD6, 2013-2018] on Apr 9, 2018

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform SpendingTracker.org estimates H.R. 4293 will add $16 million in new spending through 2027.

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.

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.

Mar 13, 2018
 
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.

Apr 11, 2018
 
Passed House (Senate next)

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

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.

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.

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“H.R. 4293 — 115th Congress: Stress Test Improvement Act of 2017.” www.GovTrack.us. 2017. October 21, 2019 <https://www.govtrack.us/congress/bills/115/hr4293>

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.