I 
118TH CONGRESS 
2D SESSION 
H. R. 8287 
To require the Board of Governors of the Federal Reserve System to issue 
a rule relating to stress capital buffer requirements, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2024 
Mr. BARR introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To require the Board of Governors of the Federal Reserve 
System to issue a rule relating to stress capital buffer 
requirements, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stress Testing Ac-
countability and Transparency Act’’. 
SEC. 2. RULEMAKING RELATED TO STRESS CAPITAL BUFF-
ER REQUIREMENTS. 
(a) IN GENERAL.—Not later than 90 days after the 
date of the enactment of this section, the Board of Gov-
ernors of the Federal Reserve System (in this Act referred 
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to as the ‘‘Board’’) shall issue a rule to establish any mod-
els, assumptions, formulas, or other decisional methodolo-
gies that are used to determine any component or sub-
component of the stress capital buffer requirement for a 
bank holding company. 
(b) CHANGES.—The Board may only make changes 
to the rule issued under subsection (a) through notice and 
comment rulemaking. 
(c) STRESS CAPITAL BUFFER REQUIREMENT DE-
FINED.—The term ‘‘stress capital buffer requirement’’ has 
the meaning given the term in section 225.8(c) of title 
12 of the Code of Federal Regulations. 
SEC. 3. RULEMAKING RELATING TO STRESS TESTING. 
(a) IN GENERAL.—Beginning in the first calendar 
year after the date of the enactment of this section, the 
Board shall, not less than 30 days before conducting a 
stress test pursuant to section 165(i) of the Financial Sta-
bility Act of 2010, issue a rule to establish each scenario 
used to be used in such stress test. 
(b) PROHIBITION.—The Board may not, by rule or 
otherwise, subject any nonbank financial company to a cli-
mate-related stress test using the authority provided in 
section 165(i) of the Financial Stability Act of 2010. 
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SEC. 4. GAO REPORT. 
(a) IN GENERAL.—The Comptroller General of the 
United States shall, every 3 years, conduct a study and 
submit a report to the Congress with respect to the stress 
tests conducted by the Board under section 165(i) of the 
Financial Stability Act of 2010 in the 3 most recent cal-
endar years. 
(b) CONTENTS.—The report submitted to the Con-
gress under subsection (a) shall— 
(1) evaluate whether the stress tests are suffi-
ciently robust and promote preparedness; and 
(2) consider whether the stress tests adequately 
identify salient risks to— 
(A) the safety and soundness of the 
nonbank financial institutions subjected to 
stress tests; and 
(B) the stability of the United States fi-
nancial system. 
Æ 
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