Risk-Based Credit Examination Act

Bill: 116-hr-6127
Sponsor: full_name: Rep. Wagner, Ann [R-MO-2]
Introduced: 2020-03-05
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Securities
Latest action: action_date: 2020-03-05
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2020-03-05
action_desc: Introduced in House
text: <p><b>Risk-Based Credit Examination Act</b></p> <p>This bill provides the Securities and Exchange Commission's Office of Credit Ratings with discretion concerning reviewable matters during its annual examination of nationally recognized statistical rating organizations.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6127 IN THE HOUSE OF REPRESENTATIVES March 5, 2020 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 .