IB 
Union Calendar No. 584 
114TH CONGRESS 
2D SESSION 
H. R. 1309 
[Report No. 114–752] 
To amend the Dodd-Frank Wall Street Reform and Consumer Protection 
Act to specify when bank holding companies may be subject to certain 
enhanced supervision, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 4, 2015 
Mr. LUETKEMEYER (for himself, Mr. STIVERS, Mr. WILLIAMS, Mr. MURPHY 
of Florida, Ms. SEWELL of Alabama, Mr. DAVID SCOTT of Georgia, and 
Ms. SINEMA) introduced the following bill; which was referred to the 
Committee on Financial Services 
SEPTEMBER 19, 2016 
Additional sponsors: Mr. HILL, Mr. SCHWEIKERT, Mrs. ROBY, Mr. 
FARENTHOLD, Mr. FINCHER, Mr. POSEY, Mr. SESSIONS, Mrs. LOVE, Mr. 
BYRNE, Mr. HUIZENGA of Michigan, Mr. MULVANEY, Mr. BROOKS of 
Alabama, Mr. POE of Texas, Mr. SMITH of Texas, Mr. TIPTON, Mr. 
OLSON, Mr. BARR, Mr. PITTENGER, Mr. CURBELO of Florida, Mr. 
MESSER, Mr. ABRAHAM, Mr. BUCHANAN, Mr. RICHMOND, Mr. HARPER, 
Mr. VELA, Mr. HASTINGS, Mr. ROGERS of Alabama, Mr. DOLD, Mr. 
HURT of Virginia, Mr. BABIN, Ms. GRAHAM, Ms. MENG, Mr. KING of 
New York, Mr. WEBSTER of Florida, Mr. POLIQUIN, Mr. FLEISCHMANN, 
Mr. ROSS, Mr. WESTMORELAND, Mr. CARTER of Georgia, Mrs. BEATTY, 
Mr. CLEAVER, Mrs. BLACK, Mrs. WAGNER, Ms. WILSON of Florida, Mr. 
BLUM, Mr. PEARCE, Mr. CRAWFORD, Mr. ROE of Tennessee, Mr. 
PETERS, Mr. HULTGREN, Mr. JOLLY, Ms. GRANGER, Mr. MARCHANT, 
Mr. NUGENT, Mr. YOHO, Mr. BUCSHON, Mr. FORBES, Mr. RATCLIFFE, 
Mr. ALLEN, Mr. SAM JOHNSON of Texas, Ms. FRANKEL of Florida, Mr. 
LANCE, Mr. STUTZMAN, Mr. FLORES, Mr. STEWART, Mr. VEASEY, Mr. 
CHAFFETZ, Mr. CARTER of Texas, Mr. HIGGINS, Mr. WOMACK, Mr. 
BISHOP of Utah, Ms. JENKINS of Kansas, Mr. MILLER of Florida, Mr. 
ROYCE, Mr. GRIFFITH, Mr. BRADY
of Texas, Mr. LUCAS, Mr. 
DESJARLAIS, Mr. YOUNG of Iowa, Mrs. BLACKBURN, Mr. ROTHFUS, Mr. 
SMITH of Missouri, Mr. NEUGEBAUER, Mrs. HARTZLER, Ms. JACKSON 
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LEE, Ms. ROS-LEHTINEN, Mr. ASHFORD, Mr. SHERMAN, Mr. GENE 
GREEN of Texas, Mr. LONG, Mr. ROONEY of Florida, Mr. JODY B. HICE 
of Georgia, Mr. FITZPATRICK, Mr. LATTA, Mr. GRAVES of Georgia, Mr. 
MCHENRY, Mr. ADERHOLT, Mr. EMMER of Minnesota, Mr. WENSTRUP, 
Mr. PAULSEN, Mr. GRAVES of Missouri, Mr. CHABOT, Mr. AUSTIN 
SCOTT of Georgia, Mr. COLLINS of Georgia, Mr. THORNBERRY, Mr. 
ROKITA, Mr. CRENSHAW, Mr. ROSKAM, Mr. HANNA, Mr. WITTMAN, Mr. 
COFFMAN, Mr. KINZINGER of Illinois, Mr. BRAT, Mr. BISHOP of Michi-
gan, Mr. MACARTHUR, Mr. SHUSTER, Mr. KATKO, Mr. TURNER, Mr. 
FRANKS of Arizona, Mr. RENACCI, Mr. DUFFY, Mr. CULBERSON, Mr. 
GOSAR, 
Mr. 
LOUDERMILK, 
Mr. 
WALBERG, 
Mr. 
AMODEI, 
Mr. 
WESTERMAN, Mr. SIMPSON, and Mr. CRAMER 
SEPTEMBER 19, 2016 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
A BILL 
To amend the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act to specify when bank holding com-
panies may be subject to certain enhanced supervision, 
and for other purposes. 
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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 ‘‘Systemic Risk Des-
ignation Improvement Act of 2015’’. 
SEC. 2. TABLE OF CONTENTS. 
The table of contents for the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (12 U.S.C. 5301 
et seq.) is amended by striking the item relating to section 
113 and inserting the following: 
‘‘Sec. 113. Authority to require enhanced supervision and regulation of certain 
nonbank financial companies and certain bank holding compa-
nies.’’. 
SEC. 3. REVISIONS TO COUNCIL AUTHORITY. 
(a) PURPOSES AND DUTIES.—Section 112 of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act (12 U.S.C. 5322) is amended in subsection 
(a)(2)(I) by inserting before the semicolon ‘‘, which have 
been the subject of a final determination under section 
113’’. 
(b) BANK HOLDING COMPANY DESIGNATION.—Sec-
tion 113 of the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act (12 U.S.C. 5323) is amended— 
(1) by amending the heading for such section to 
read as follows: ‘‘AUTHORITY TO REQUIRE EN-
HANCED
SUPERVISION
AND
REGULATION
OF 
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CERTAIN
NONBANK
FINANCIAL
COMPANIES 
AND CERTAIN BANK HOLDING COMPANIES’’; 
(2) by redesignating subsections (c), (d), (e), 
(f), (g), (h), and (i) as subsections (d), (e), (f), (g), 
(h), (i), and (j), respectively; 
(3) by inserting after subsection (b) the fol-
lowing: 
‘‘(c) BANK HOLDING COMPANIES SUBJECT TO EN-
HANCED SUPERVISION
AND PRUDENTIAL STANDARDS 
UNDER SECTION 165.— 
‘‘(1) DETERMINATION.—The Council, on a non-
delegable basis and by a vote of not fewer than 2⁄3 
of the voting members then serving, including an af-
firmative vote by the Chairperson, may determine 
that a bank holding company shall be subject to en-
hanced supervision and prudential standards by the 
Board of Governors, in accordance with section 165, 
if the Council determines, based on the consider-
ations in paragraph (2), that material financial dis-
tress at the bank holding company, or the nature, 
scope, size, scale, concentration, interconnectedness, 
or mix of the activities of the bank holding company, 
could pose a threat to the financial stability of the 
United States. 
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‘‘(2) CONSIDERATIONS.—In making a deter-
mination under paragraph (1), the Council shall use 
the indicator-based measurement approach estab-
lished by the Basel Committee on Banking Super-
vision to determine systemic importance, which con-
siders— 
‘‘(A) the size of the bank holding company; 
‘‘(B) the interconnectedness of the bank 
holding company; 
‘‘(C) the extent of readily available sub-
stitutes or financial institution infrastructure 
for the services of the bank holding company; 
‘‘(D) the global cross-jurisdictional activity 
of the bank holding company; and 
‘‘(E) the complexity of the bank holding 
company. 
‘‘(3) GSIBS
DESIGNATED
BY
OPERATION
OF 
LAW.—Notwithstanding any other provision of this 
subsection, a bank holding company that is des-
ignated, as of the date of enactment of this sub-
section, as a Global Systemically Important Bank by 
the Financial Stability Board shall be deemed to 
have been the subject of a final determination under 
paragraph (1).’’; 
(4) in subsection (d), as so redesignated— 
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(A) in paragraph (1)(A), by striking ‘‘sub-
section (a)(2) or (b)(2)’’ and inserting ‘‘sub-
section (a)(2), (b)(2), or (c)(2)’’; and 
(B) in paragraph (4), by striking ‘‘Sub-
sections (d) through (h)’’ and inserting ‘‘Sub-
sections (e) through (i)’’; 
(5) in subsections (e), (f), (g), (h), (i), and 
(j)— 
(A) by striking ‘‘subsections (a) and (b)’’ 
each place such term appears and inserting 
‘‘subsections (a), (b), and (c)’’; and 
(B) by striking ‘‘nonbank financial com-
pany’’ each place such term appears and insert-
ing ‘‘bank holding company for which there has 
been a determination under subsection (c) or 
nonbank financial company’’; 
(6) in subsection (g), as so redesignated, by 
striking ‘‘subsection (e)’’ and inserting ‘‘subsection 
(f)’’; 
(7) in subsection (h), as so redesignated, by 
striking ‘‘subsection (a), (b), or (c)’’ and inserting 
‘‘subsection (a), (b), (c), or (d)’’; and 
(8) in subsection (i), as so redesignated, by 
striking ‘‘subsection (d)(2), (e)(3), or (f)(5)’’ and in-
serting ‘‘subsection (e)(2), (f)(3), or (g)(5)’’. 
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(c) ENHANCED SUPERVISION.—Section 115 of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act (12 U.S.C. 5325) is amended— 
(1) in subsection (a)(1), by striking ‘‘large, 
interconnected bank holding companies’’ and insert-
ing ‘‘bank holding companies which have been the 
subject of a final determination under section 113’’; 
(2) in subsection (a)(2)— 
(A) in subparagraph (A), by striking ‘‘; 
or’’ at the end and inserting a period; 
(B) by striking ‘‘the Council may’’ and all 
that follows through ‘‘differentiate’’ and insert-
ing ‘‘the Council may differentiate’’; and 
(C) by striking subparagraph (B); and 
(3) in subsection (b)(3), by striking ‘‘sub-
sections (a) and (b) of section 113’’ each place such 
term appears and inserting ‘‘subsections (a), (b), 
and (c) of section 113’’. 
(d) REPORTS.—Section 116(a) of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (12 
U.S.C. 5326(a)) is amended by striking ‘‘with total con-
solidated assets of $50,000,000,000 or greater’’ and in-
serting ‘‘which has been the subject of a final determina-
tion under section 113’’. 
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(e) MITIGATION.—Section 121 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (12 
U.S.C. 5331) is amended— 
(1) in subsection (a), by striking ‘‘with total 
consolidated assets of $50,000,000,000 or more’’ 
and inserting ‘‘which has been the subject of a final 
determination under section 113’’; and 
(2) in subsection (c), by striking ‘‘subsection 
(a) or (b) of section 113’’ and inserting ‘‘subsection 
(a), (b), or (c) of section 113’’. 
(f) OFFICE OF FINANCIAL RESEARCH.—Section 155 
of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (12 U.S.C. 5345) is amended in subsection 
(d) by striking ‘‘with total consolidated assets of 
50,000,000,000 or greater’’ and inserting ‘‘which have 
been the subject of a final determination under section 
113’’. 
SEC. 4. REVISIONS TO BOARD AUTHORITY. 
(a) ACQUISITIONS.—Section 163 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (12 
U.S.C. 5363) is amended by striking ‘‘with total consoli-
dated assets equal to or greater than $50,000,000,000’’ 
each place such term appears and inserting ‘‘which has 
been the subject of a final determination under section 
113’’. 
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(b) MANAGEMENT INTERLOCKS.—Section 164 of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act (12 U.S.C. 5364) is amended by striking ‘‘with 
total consolidated assets equal to or greater than 
$50,000,000,000’’ and inserting ‘‘which has been the sub-
ject of a final determination under section 113’’. 
(c) ENHANCED
SUPERVISION
AND
PRUDENTIAL 
STANDARDS.—Section 165 of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (12 U.S.C. 5365) 
is amended— 
(1) in subsection (a), by striking ‘‘with total 
consolidated assets equal to or greater than 
$50,000,000,000’’ and inserting ‘‘which have been 
the subject of a final determination under section 
113’’; 
(2) in subsection (a)(2)— 
(A) by striking ‘‘(A) IN GENERAL.—’’; and 
(B) by striking subparagraph (B); 
(3) by striking ‘‘subsections (a) and (b) of sec-
tion 113’’ each place such term appears and insert-
ing ‘‘subsections (a), (b), and (c) of section 113’’; 
and 
(4) in subsection (j), by striking ‘‘with total 
consolidated assets equal to or greater than 
$50,000,000,000’’ and inserting ‘‘which has been 
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the subject of a final determination under section 
113’’. 
(d) CONFORMING AMENDMENT.—The second sub-
section (s) (relating to ‘‘Assessments, Fees, and Other 
Charges for Certain Companies’’) of section 11 of the Fed-
eral Reserve Act (12 U.S.C. 248) is amended— 
(1) by redesignating such subsection as sub-
section (t); and 
(2) in paragraph (2)— 
(A) in subparagraph (A), by striking ‘‘hav-
ing 
total 
consolidated 
assets 
of 
$50,000,000,000 or more;’’ and inserting 
‘‘which have been the subject of a final deter-
mination under section 113 of the Dodd-Frank 
Wall Street Reform and Consumer Protection 
Act; and’’; 
(B) by striking subparagraph (B); and 
(C) by redesignating subparagraph (C) as 
subparagraph (B). 
SEC. 5. EFFECTIVE DATE; RULE OF APPLICATION. 
(a) EFFECTIVE
DATE.—The Financial Stability 
Oversight Council may begin proceedings with respect to 
a bank holding company under section 113(c)(1) of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act, as added by this Act, on the date of the enact-
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ment of this Act, but may not make a final determination 
under such section 113(c)(1) with respect to a bank hold-
ing company before the end of the 1-year period beginning 
on the date of the enactment of this Act. 
(b) IMMEDIATE
APPLICATION
TO
LARGE
BANK 
HOLDING COMPANIES.—During the 1-year period de-
scribed under subsection (a), a bank holding company with 
total consolidated assets equal to or greater than 
$50,000,000,000 shall be deemed to have been the subject 
of a final determination under section 113(c)(1) of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act. 
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Union Calendar No. 584 
114TH CONGRESS 
2D SESSION 
H. R. 1309 
[Report No. 114–752] 
A BILL 
To amend the Dodd-Frank Wall Street Reform and 
Consumer Protection Act to specify when bank 
holding companies may be subject to certain en-
hanced supervision, and for other purposes. 
SEPTEMBER 19, 2016 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
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