Risk-Based Credit Examination Act

Bill: 117-hr-4586
Sponsor: full_name: Rep. Wagner, Ann [R-MO-2]
Introduced: 2021-07-20
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Securities

Securities and Exchange Commission (SEC)
Latest action: action_date: 2022-07-27
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2021-07-20
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>

action_date: 2022-07-20
action_desc: Reported to 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>

action_date: 2022-07-26
action_desc: Passed 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 117th CONGRESS 1st Session H. R. 4586 IN THE HOUSE OF REPRESENTATIVES July 20, 2021 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 .

tv_txt: IB 117th CONGRESS 2d Session H. R. 4586 IN THE HOUSE OF REPRESENTATIVES AN ACT 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. Conduct of 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 .

Passed the House of Representatives July 26, 2022. Cheryl L. Johnson, Clerk.

tv_txt: IIB 117th CONGRESS 2d Session H. R. 4586 IN THE SENATE OF THE UNITED STATES July 27, 2022 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT 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. Conduct of 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 .

Passed the House of Representatives July 26, 2022. Cheryl L. Johnson, Clerk.

tv_txt: IB Union Calendar No. 327 117th CONGRESS 2d Session H. R. 4586 [Report No. 117–421] IN THE HOUSE OF REPRESENTATIVES July 20, 2021 Mrs. Wagner (for herself and Mr. Foster ) introduced the following bill; which was referred to the Committee on Financial Services July 20, 2022 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on July 20, 2021 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. Conduct of 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 .

July 20, 2022 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed