H.R. 3992 · 118th Congress
Effective Bank Regulation Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ShermanSponsorNo cosponsors.
This bill requires the Board of Governors of the Federal Reserve System to test additional scenarios during annual stress tests.
What it does: CRS summary · Introduced in House · Jun 9, 2023
Effective Bank Regulation Act
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 nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Effective Bank Regulation Act
Latest action (Jun 9, 2023): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 9, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.