118th Congress Finance and Financial Sector
H.R. 3992: Effective Bank Regulation Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Board of Governors of the Federal Reserve System to test additional scenarios during annual stress tests. Specifically, when evaluating whether a nonbank financial company or bank holding company has the capital to absorb losses due to adverse economic conditions, the board must test for three additional scenarios, including scenarios that incorporate interest rate changes.
Written by the Congressional Research Service, Library of Congress.
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History
- Introduced in the House by Brad Sherman.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.