Title: Alleviating Stress Test Burdens To Help Investors Act
Policy area: Finance and Financial Sector

Summary:
Alleviating Stress Test Burdens To Help Investors Act
This bill exempts certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests. These stress tests evaluate the ability of companies to absorb losses as a result of adverse economic conditions.
However, the Securities and Exchange Commission and the Commodity Futures Trading Commission may require exempted financial companies under their regulatory authority to conduct stress tests.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3412 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 3412

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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 20, 2021

Mr. Loudermilk introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
Agriculture, for a period to be subsequently determined by the Speaker, 
 in each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Alleviating Stress Test Burdens To 
Help Investors Act''.

SEC. 2. STRESS TEST RELIEF FOR NONBANKS.

    Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (12 U.S.C. 5365(i)(2)) is amended--
            (1) in subparagraph (A), by striking ``are regulated by a 
        primary Federal financial regulatory agency'' and inserting: 
        ``whose primary financial regulatory agency is a Federal 
        banking agency or the Federal Housing Finance Agency'';
            (2) in subparagraph (C), by striking ``Each Federal primary 
        financial regulatory agency'' and inserting ``Each Federal 
        banking agency and the Federal Housing Finance Agency''; and
            (3) by adding at the end the following:
                    ``(D) SEC and cftc.--The Securities and Exchange 
                Commission and the Commodity Futures Trading Commission 
                may each issue regulations requiring financial 
                companies with respect to which they are the primary 
                financial regulatory agency to conduct periodic 
                analyses of the financial condition, including 
                available liquidity, of such companies under adverse 
                economic conditions.''.
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