Alleviating Stress Test Burdens to Help Investors Act
USA115th CongressHR-4566| House
| Updated: 3/21/2018
Bruce Poliquin
Republican Representative
Maine
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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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: 47 - 8.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 457.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-601.
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.
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.
Considered under the provisions of rule H. Res. 787. (consideration: CR H1712-1718)
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".
DEBATE - The House proceeded with one hour of debate on H.R. 4566.
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.
The previous question was ordered pursuant to the rule.
On passage Passed by the Yeas and Nays: 395 - 19 (Roll no. 119). (text: CR H1712)
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
Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCommodity Futures Trading CommissionFinancial services and investmentsGovernment studies and investigationsSecurities and Exchange Commission (SEC)
Alleviating Stress Test Burdens to Help Investors Act
USA115th CongressHR-4566| House
| Updated: 3/21/2018
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.
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: 47 - 8.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 457.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-601.
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.
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.
Considered under the provisions of rule H. Res. 787. (consideration: CR H1712-1718)
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".
DEBATE - The House proceeded with one hour of debate on H.R. 4566.
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.
The previous question was ordered pursuant to the rule.
On passage Passed by the Yeas and Nays: 395 - 19 (Roll no. 119). (text: CR H1712)
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.
Bruce Poliquin
Republican Representative
Maine
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- S 115-488: Encouraging Employee Ownership Act
- S 115-3574: A bill to amend the Financial Stability Act of 2010 to provide relief to nonbanks from certain stress test requirements under that Act.
- HRES 115-787: Providing for consideration of the bill (H.R. 4566) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide relief to nonbanks from certain stress test requirements under such Act; providing for consideration of the bill (H.R. 5247) to authorize the use of eligible investigational drugs by eligible patients who have been diagnosed with a stage of a disease or condition in which there is reasonable likelihood that death will occur within a matter of months, or with another eligible illness, and for other purposes; and for other purposes.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCommodity Futures Trading CommissionFinancial services and investmentsGovernment studies and investigationsSecurities and Exchange Commission (SEC)