IIB 

115TH CONGRESS 

2D SESSION H. R. 4566 

IN THE SENATE OF THE UNITED STATES 

MARCH 21, 2018 

Received; read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

AN ACT 

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. 

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


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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Alleviating Stress Test 

3 Burdens to Help Investors Act’’. 

4 SEC. 2. STRESS TEST RELIEF FOR NONBANKS. 

5 Section 165(i) of the Dodd-Frank Wall Street Re6 form and Consumer Protection Act (12 U.S.C. 5365(i)) 

7 is amended— 

8 (1) in paragraph (1)(B)— 

9 (A) by redesignating clauses (ii) through 

10 (v) as clauses (iii) through (vi), respectively; 

11 (B) by inserting after clause (i) the fol12 lowing: 

13 ‘‘(ii) may conduct the evaluation re14 quired by this subsection utilizing alter15 natives to the capital adequacy test de16 scribed in subparagraph (A), as the Board 

17 may determine appropriate;’’; 

18 (C) in clause (iii), as so redesignated, by 

19 inserting before the semicolon the following: ‘‘, 

20 provided that such tests of any nonbank finan21 cial company— 

22 ‘‘(I) are requested by a majority 

23 vote of the Council; 

24 ‘‘(II) are conducted in accordance 

25 with the company’s business model, 

26 including by utilizing alternatives to 


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HR 4566 RFS 

1 the capital adequacy test described in 

2 subparagraph (A), as the Board may 

3 determine appropriate; and 

4 ‘‘(III) are not already required by 

5 the company’s Federal primary finan6 cial regulatory agency’’; and 

7 (D) in clause (vi), as so redesignated, by 

8 striking ‘‘clause (ii)’’ and inserting ‘‘clause 

9 (iii)’’; and 

10 (2) in paragraph (2)— 

11 (A) in subparagraph (A), by striking ‘‘are 

12 regulated by a primary Federal financial regu13 latory agency’’ and inserting: ‘‘whose primary 

14 financial regulatory agency is a Federal bank15 ing agency or the Federal Housing Finance 

16 Agency’’; 

17 (B) in subparagraph (C), by striking 

18 ‘‘Each Federal primary financial regulatory 

19 agency’’ and inserting ‘‘Each Federal banking 

20 agency and the Federal Housing Finance Agen21 cy’’; and 

22 (C) by adding at the end the following: 

23 ‘‘(D) SEC AND CFTC.—The Securities and 

24 Exchange Commission and the Commodity Fu25 tures Trading Commission may each issue reguVerDate Sep 11 2014 21:30 Mar 21, 2018 Jkt 079200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H4566.RFS H4566

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HR 4566 RFS 

1 lations requiring financial companies with re2 spect to which they are the primary financial 

3 regulatory agency to conduct periodic analyses 

4 of the financial condition, including available li5 quidity, of such companies under adverse eco6 nomic conditions.’’. 

7 SEC. 3. RULE OF CONSTRUCTION. 

8 Nothing in this Act shall be construed to limit the 

9 authority of the Financial Stability Oversight Council 

10 under section 120 of the Dodd-Frank Wall Street Reform 

11 and Consumer Protection Act (12 U.S.C. 5330). 

Passed the House of Representatives March 20, 

2018. 

Attest: KAREN L. HAAS, 

Clerk. 


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