Alleviating Stress Test Burdens to Help Investors Act

Bill: 115-hr-4566
Sponsor: Rep. Poliquin, Bruce [R-ME-2]
Introduced: 2017-12-06 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Commodity Futures Trading Commission
Financial services and investments
Government studies and investigations
Securities and Exchange Commission (SEC)

Summary:
action_date: 2017-12-06
text: 

Alleviating Stress Test Burdens to Help Investors Act

 
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to: (1) exempt certain nonbank financial companies from requirements to conduct stress tests, and (2) eliminate the Federal Reserve Board's authority to conduct stress tests of nonbank financial companies more than once annually.

action_date: 2018-03-15
text: 

Alleviating Stress Test Burdens to Help Investors Act

 
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to: (1) eliminate the Federal Reserve Board's authority to conduct stress tests of nonbank financial companies more than once annually, and (2) exempt certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests.
 
The Securities and Exchange Commission and the Commodity Futures Trading Commission may issue separate regulations requiring specified financial companies with more than $10 billion in total consolidated assets to conduct financial-condition analyses. 


Legislative actions:
action_date: 2018-03-21
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2018-03-20
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-03-20
text: On passage Passed by the Yeas and Nays: 395 - 19 (Roll no. 119). (text: CR H1712)
action_date: 2018-03-20
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 395 - 19 (Roll no. 119).(text: CR H1712)
action_date: 2018-03-20
text: The previous question was ordered pursuant to the rule.
action_date: 2018-03-20
text: DEBATE - Pursuant to the order of the House on March 20, 2018, the House proceeded with 10 minutes of debate on the Maxine Waters amendment No. 1, as modified.
action_date: 2018-03-20
text: DEBATE - The House proceeded with one hour of debate on H.R. 4566.
action_date: 2018-03-20
text: The resolution provides for one hour of debate on each bill. The resolution makes in order only the further amendment to H.R. 4566 printed in the report. No further amendments on either bill are made in order. Section 3 of the resolution makes it in order to consider any resolution reported from the Rules Committee on the day it is reported through the legislative day of March 23, 2018. Section 4 grants suspension authority on the legislative days of March 22, 2018 and March 23, 2018. Section 5 of the resolution amends section 3(a) of H.Res. 5 by striking "the first session of".
action_date: 2018-03-20
text: Considered under the provisions of rule H. Res. 787. (consideration: CR H1712-1718)
action_date: 2018-03-20
text: ORDER OF BUSINESS - Ms. Waters of California asked unanimous consent to modify amendment No. 1 printed in House Report 115-613. Agreed to without objection.
action_date: 2018-03-19
text: Rules Committee Resolution H. Res. 787 Reported to House. The resolution provides for one hour of debate on each bill. The resolution makes in order only the further amendment to H.R. 4566 printed in the report. No further amendments on either bill are made in order. Section 3 of the resolution makes it in order to consider any resolution reported from the Rules Committee on the day it is reported through the legislative day of March 23, 2018. Section 4 grants suspension authority on the legislative days of March 22, 2018 and March 23, 2018. Section 5 of the resolution amends section 3(a) of H. Res. 5.
action_date: 2018-03-15
text: Placed on the Union Calendar, Calendar No. 457.
action_date: 2018-03-15
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-601.
action_date: 2018-03-15
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-601.
action_date: 2018-01-18
text: Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 8.
action_date: 2018-01-18
text: Committee Consideration and Mark-up Session Held.
action_date: 2018-01-17
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-12-06
text: Referred to the House Committee on Financial Services.
action_date: 2017-12-06
text: Introduced in House
action_date: 2017-12-06
text: Introduced in House