Stress Test Improvement Act of 2017
USA115th CongressHR-4293| House
| Updated: 4/12/2018
Lee M. Zeldin
Republican Representative
New York
Cosponsors (2)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Stress Test Improvement Act of 2017 (Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) establishing limitations on Comprehensive Capital Analysis and Review by the Federal Reserve Board, (2) reducing the frequency of stress testing from semiannual to annual, and (3) otherwise revising provisions related to stress testing. (Sec. 4) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 38 - 21.
Placed on the Union Calendar, Calendar No. 451.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-593.
Rules Committee Resolution H. Res. 780 Reported to House. The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.
Rule H. Res. 780 passed House.
Considered under the provisions of rule H. Res. 780. (consideration: CR H3112-3119)
The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.
DEBATE - The House proceeded with one hour of debate on H.R. 4293.
The previous question was ordered pursuant to the rule.
Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H3118)
DEBATE - The House proceeded with 10 minutes of debate on the Maxine Waters motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require stronger semi-annual stress tests for any global systemically important bank holding company or subsidiary that has engaged in a pattern of unsafe banking practices or any other violations related to consumer harm.
The previous question on the motion to recommit with instructions was ordered without objection.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Maxine Waters motion to recommit with instructions, the Chair put the question on the motion to recommit and by voice vote announced that the ayes had prevailed. Ms. Maxine Waters demanded the yeas and nays, and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.
Considered as unfinished business. (consideration: CR H3128-3129)
On motion to recommit with instructions Failed by the Yeas and Nays: 188 - 231 (Roll no. 136).
View VoteOn passage Passed by the Yeas and Nays: 245 - 174 (Roll no. 137). (text: CR H3112)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Bank accounts, deposits, capitalBanking and financial institutions regulationFederal Reserve SystemFinancial crises and stabilization
Stress Test Improvement Act of 2017
USA115th CongressHR-4293| House
| Updated: 4/12/2018
Stress Test Improvement Act of 2017 (Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) establishing limitations on Comprehensive Capital Analysis and Review by the Federal Reserve Board, (2) reducing the frequency of stress testing from semiannual to annual, and (3) otherwise revising provisions related to stress testing. (Sec. 4) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 38 - 21.
Placed on the Union Calendar, Calendar No. 451.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-593.
Rules Committee Resolution H. Res. 780 Reported to House. The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.
Rule H. Res. 780 passed House.
Considered under the provisions of rule H. Res. 780. (consideration: CR H3112-3119)
The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules.
DEBATE - The House proceeded with one hour of debate on H.R. 4293.
The previous question was ordered pursuant to the rule.
Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H3118)
DEBATE - The House proceeded with 10 minutes of debate on the Maxine Waters motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require stronger semi-annual stress tests for any global systemically important bank holding company or subsidiary that has engaged in a pattern of unsafe banking practices or any other violations related to consumer harm.
The previous question on the motion to recommit with instructions was ordered without objection.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Maxine Waters motion to recommit with instructions, the Chair put the question on the motion to recommit and by voice vote announced that the ayes had prevailed. Ms. Maxine Waters demanded the yeas and nays, and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.
Considered as unfinished business. (consideration: CR H3128-3129)
On motion to recommit with instructions Failed by the Yeas and Nays: 188 - 231 (Roll no. 136).
View VoteOn passage Passed by the Yeas and Nays: 245 - 174 (Roll no. 137). (text: CR H3112)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Lee M. Zeldin
Republican Representative
New York
Cosponsors (2)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationFederal Reserve SystemFinancial crises and stabilization