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H.R. 4566 (115th): Alleviating Stress Test Burdens to Help Investors Act

The text of the bill below is as of Dec 6, 2017 (Introduced).

Summary of this bill

Source: Republican Policy Committee

H.R. 4566 amends Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to exempt nonbank financial institutions not under the supervision by the Board of Governors of the Federal Reserve System (Federal Reserve) from the Dodd-Frank Act's stress-testing requirements. Additionally, the bill allows the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to issue regulations to require entities subject to their respective jurisdictions, referred to as “financial companies'” in Title I of the Dodd-Frank Act, that have total consolidated assets of more than $10 billion to conduct periodic analysis of the financial condition of such entities under adverse economic ...



1st Session

H. R. 4566


December 6, 2017

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.


Short title

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)—


by striking other financial companies and inserting other bank holding companies; and


by striking 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.