IIB 
115TH CONGRESS 
1ST SESSION H. R. 3312 
IN THE SENATE OF THE UNITED STATES 
DECEMBER 20, 2017 
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 Con-
sumer Protection Act to specify when bank holding com-
panies may be subject to certain enhanced supervision, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Systemic Risk Des-
ignation Improvement Act of 2017’’. 
SEC. 2. 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 identified as global systemically important bank hold-
ing companies pursuant to section 217.402 of title 12, 
Code of Federal Regulations, or subjected to a determina-
tion under subsection (l) of section 165’’. 
(b) 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 iden-
tified as global systemically important bank holding 
companies pursuant to section 217.402 of title 12, 
Code of Federal Regulations, or subjected to a de-
termination under subsection (l) of section 165’’; 
and 
(2) in subsection (a)(2)— 
(A) in subparagraph (A), by striking ‘‘; 
or’’ at the end and inserting a period; 
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(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). 
(c) 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 identified as a global systemically 
important bank holding company pursuant to section 
217.402 of title 12, Code of Federal Regulations, or sub-
jected to a determination under subsection (l) of section 
165’’. 
(d) MITIGATION.—Section 121(a) of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (12 
U.S.C. 5331) is amended by striking ‘‘with total consoli-
dated assets of $50,000,000,000 or more’’ and inserting 
‘‘which has been identified as a global systemically impor-
tant bank holding company pursuant to section 217.402 
of title 12, Code of Federal Regulations, or subjected to 
a determination under subsection (l) of section 165’’. 
(e) 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 
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50,000,000,000 or greater’’ and inserting ‘‘which have 
been identified as global systemically important bank hold-
ing companies pursuant to section 217.402 of title 12, 
Code of Federal Regulations, or subjected to a determina-
tion under subsection (l) of section 165’’. 
SEC. 3. 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 identified as a global systemically important bank 
holding company pursuant to section 217.402 of title 12, 
Code of Federal Regulations, or subjected to a determina-
tion under subsection (l) of section 165’’. 
(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 identi-
fied as a global systemically important bank holding com-
pany pursuant to section 217.402 of title 12, Code of Fed-
eral Regulations, or subjected to a determination under 
subsection (l) of section 165’’. 
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(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 
identified as global systemically important bank 
holding companies pursuant to section 217.402 of 
title 12, Code of Federal Regulations, or subjected 
to a determination under subsection (l)’’; 
(2) in subsection (a)(2)— 
(A) by striking ‘‘(A) IN GENERAL.—’’; 
(B) in subparagraph (A), by striking 
‘‘may’’ and inserting ‘‘shall’’; and 
(C) by striking subparagraph (B); and 
(3) in subsection (j), by striking ‘‘with total 
consolidated assets equal to or greater than 
$50,000,000,000’’ and inserting ‘‘which has been 
identified as a global systemically important bank 
holding company pursuant to section 217.402 of 
title 12, Code of Federal Regulations, or subjected 
to a determination under subsection (l)’’. 
(d) ADVANCED TAILORING.—Section 165 of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
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tion Act (12 U.S.C. 5365) is amended by adding at the 
end the following: 
‘‘(l) ADDITIONAL BANK HOLDING COMPANIES SUB-
JECT
TO ENHANCED SUPERVISION
AND PRUDENTIAL 
STANDARDS BY TAILORED REGULATION.— 
‘‘(1) DETERMINATION.—The Board of Gov-
ernors may, within the limits of its existing re-
sources— 
‘‘(A) determine that a bank holding com-
pany that has not been identified as a global 
systemically important bank holding company 
pursuant to section 217.402 of title 12, Code of 
Federal Regulations, shall be subject to certain 
enhanced supervision or prudential standards 
under this section, tailored to the risks pre-
sented, based on the considerations in para-
graph (3), where material financial distress at 
the bank holding company, or the nature, scope, 
size, scale, concentration, interconnectedness, or 
mix of the activities of the individual bank hold-
ing company, could pose a threat to the finan-
cial stability of the United States; or 
‘‘(B) by regulation determine that a cat-
egory of bank holding companies that have not 
been identified as global systemically important 
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