Risk-Based Credit Examination Act

Bill: 114-hr-5991
Sponsor: full_name: Rep. Wagner, Ann [R-MO-2]
Introduced: 2016-09-09
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Financial services and investments

Government studies and investigations

Securities
Latest action: action_date: 2016-09-09
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2016-09-09
action_desc: Introduced in House
text: <p><b>Risk-Based Credit Examination Act</b></p> <p>This bill amends the Securities Exchange Act of 1934 to provide the Securities and Exchange Commission's Office of Credit Ratings with discretion concerning the matters to review in its annual examinations of the management and activities of nationally recognized statistical rating organizations.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5991 IN THE HOUSE OF REPRESENTATIVES September 9, 2016 Mrs. Wagner (for herself and Mr. Foster ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations.

1. Short title This Act may be cited as the Risk-Based Credit Examination Act . 2. Risk-Based Examinations of Nationally Recognized Statistical Rating Organizations Section 15E(p)(3)(B) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–7(p)(3)(B) ) is amended in the matter preceding clause (i), by inserting , as appropriate, after Each examination under subparagraph (A) shall include .