IB 

Union Calendar No. 451 

115TH CONGRESS 

2D SESSION H. R. 4293 

[Report No. 115–593] 

To reform the Comprehensive Capital Analysis and Review process, the DoddFrank Act Stress Test process, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 7, 2017 

Mr. ZELDIN introduced the following bill; which was referred to the 

Committee on Financial Services 

MARCH 13, 2018 

Additional sponsors: Mr. DAVID SCOTT of Georgia and Mr. GOTTHEIMER

MARCH 13, 2018 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on November 7, 2017] 


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•HR 4293 RH

A BILL 

To reform the Comprehensive Capital Analysis and Review 

process, the Dodd-Frank Act Stress Test process, and 

for other purposes. 


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•HR 4293 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Stress Test Improvement 

5 Act of 2017’’. 

6 SEC. 2. CCAR AND DFAST REFORMS. 

7 Section 165(i) of the Dodd-Frank Wall Street Reform 

8 and Consumer Protection Act (12 U.S.C. 5365(i)) is 

9 amended— 

10 (1) in paragraph (1)— 

11 (A) in subparagraph (B)(i)— 

12 (i) by striking ‘‘3 different’’ and in13 serting ‘‘2 different’’; and 

14 (ii) by striking ‘‘, adverse,’’; and 

15 (B) by adding at the end the following: 

16 ‘‘(C) CCAR REQUIREMENTS.— 

17 ‘‘(i) LIMITATION ON QUALITATIVE CAP18 ITAL PLANNING OBJECTIONS.—In carrying 

19 out CCAR, the Board of Governors may not 

20 object to a company’s capital plan on the 

21 basis of qualitative deficiencies in the com22 pany’s capital planning process. 

23 ‘‘(ii) CCAR DEFINED.—For purposes 

24 of this subparagraph and subparagraph 

25 (E), the term ‘CCAR’ means the ComVerDate Sep 11 2014 20:45 Mar 13, 2018 Jkt 079200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6203 E:\BILLS\H4293.RH H4293

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•HR 4293 RH

1 prehensive Capital Analysis and Review es2 tablished by the Board of Governors.’’; and 

3 (2) in paragraph (2)— 

4 (A) in subparagraph (A), by striking ‘‘semi5 annual’’ and inserting ‘‘annual’’; and 

6 (B) in subparagraph (C)(ii), by striking ‘‘3 

7 different sets of conditions, including baseline, 

8 adverse,’’ and inserting ‘‘2 different sets of condi9 tions, including baseline’’. 

10 SEC. 3. RULE OF CONSTRUCTION. 

11 The amendments made by this Act may not be con12 strued to prohibit an appropriate Federal banking agency 

13 (as defined in section 3 of the Federal Deposit Insurance 

14 Act (12 U.S.C. 1813)) from— 

15 (1) ensuring the safety and soundness of an enti16 ty regulated by such an appropriate Federal banking 

17 agency; and 

18 (2) ensuring compliance with applicable laws, 

19 regulations, and supervisory policies, and the fol20 lowing of appropriate guidance, by an entity regu21 lated by such an appropriate Federal banking agency. 


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daltland on DSKBBV9HB2PROD with BILLS
Union Calendar No. 451 

115TH CONGRESS 

2D SESSION H. R. 4293 

[Report No. 115–593] 

A BILL 

To reform the Comprehensive Capital Analysis and 

process, and for other purposes. Review process, the Dodd-Frank Act Stress Test 

MARCH 13, 2018 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


daltland on DSKBBV9HB2PROD with BILLS