H. R. 4566
IN THE HOUSE OF REPRESENTATIVES
December 6, 2017
Mr. Poliquin introduced the following bill; which was referred to the Committee on Financial Services
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide relief to nonbanks from certain stress test requirements under such Act.
This Act may be cited as the
Alleviating Stress Test Burdens to Help Investors Act.
Stress test relief for nonbanks
Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5365(i)) is amended—
in paragraph (1)(B)(ii), by striking
and nonbank financial companies;
in paragraph (2)—
in subparagraph (A)—
other financial companies and inserting
other bank holding companies; and
and are regulated by a primary Federal financial regulatory agency; and
in subparagraph (C), by striking
Each Federal primary financial regulatory agency, in coordination with the Board of Governors and the Federal Insurance Office, shall issue consistent and comparable and inserting
The Board of Governors, in coordination with the Federal primary financial regulatory agencies and the Federal Insurance Office shall issue; and
by adding at the end the following:
The Board of Governors may limit the requirements of this subsection with respect to a nonbank financial company supervised by the Board of Governors, if the Board of Governors determines such limitation is appropriate.