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SVB Act

USA118th CongressS-817| Senate 
| Updated: 3/15/2023
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (19)
Mazie K. Hirono (Democratic)Tammy Duckworth (Democratic)Dianne Feinstein (Democratic)Richard J. Durbin (Democratic)Edward J. Markey (Democratic)Ben Ray Luján (Democratic)Robert P. Casey (Democratic)Sheldon Whitehouse (Democratic)Christopher Murphy (Democratic)Martin Heinrich (Democratic)John Fetterman (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Tammy Baldwin (Democratic)Cory A. Booker (Democratic)Peter Welch (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Secure Viable Banking Act or the SVB Act This bill increases the oversight of certain nonbank financial companies and bank holding companies by repealing Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174). (A nonbank financial company is a financial institution without a banking license that may be subject to supervision due to the company's size or risk profile. A bank holding company owns a controlling interest in one or more banks.) Specifically, the bill decreases from $250 billion to $50 billion the asset threshold at which enhanced prudential standards become mandatory, thereby requiring more companies to comply with these standards. These standards include stress testing, leverage limits, liquidity requirements, and resolution plan requirements (i.e., living will requirements). Under current law, the Federal Reserve has the discretion to determine the applicability of these standards to bank holding companies with assets between $100 billion and $250 billion. The bill also expands stress testing by increasing the number of board-run stress test scenarios from two to three; decreasing the asset threshold at which company-run stress tests are required from $250 billion to $10 billion; and requiring company-run stress tests to be performed annually or semiannually, depending on the amount of assets held. The bill also decreases from $50 billion to $10 billion the asset threshold for mandatory risk committees. Finally, the bill revises the supplemental leverage ratio applied to custodial banks and the asset treatment of certain municipal obligations.
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Timeline
Mar 14, 2023

Latest Companion Bill Action

HR 118-1602
Introduced in House
Mar 15, 2023
Introduced in Senate
Mar 15, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 14, 2023

    Latest Companion Bill Action

    HR 118-1602
    Introduced in House


  • March 15, 2023
    Introduced in Senate


  • March 15, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 118-1596: Stabilizing Vulnerable Banks Act
  • HR 118-1602: SVB Act

SVB Act

USA118th CongressS-817| Senate 
| Updated: 3/15/2023
Secure Viable Banking Act or the SVB Act This bill increases the oversight of certain nonbank financial companies and bank holding companies by repealing Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174). (A nonbank financial company is a financial institution without a banking license that may be subject to supervision due to the company's size or risk profile. A bank holding company owns a controlling interest in one or more banks.) Specifically, the bill decreases from $250 billion to $50 billion the asset threshold at which enhanced prudential standards become mandatory, thereby requiring more companies to comply with these standards. These standards include stress testing, leverage limits, liquidity requirements, and resolution plan requirements (i.e., living will requirements). Under current law, the Federal Reserve has the discretion to determine the applicability of these standards to bank holding companies with assets between $100 billion and $250 billion. The bill also expands stress testing by increasing the number of board-run stress test scenarios from two to three; decreasing the asset threshold at which company-run stress tests are required from $250 billion to $10 billion; and requiring company-run stress tests to be performed annually or semiannually, depending on the amount of assets held. The bill also decreases from $50 billion to $10 billion the asset threshold for mandatory risk committees. Finally, the bill revises the supplemental leverage ratio applied to custodial banks and the asset treatment of certain municipal obligations.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 14, 2023

Latest Companion Bill Action

HR 118-1602
Introduced in House
Mar 15, 2023
Introduced in Senate
Mar 15, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 14, 2023

    Latest Companion Bill Action

    HR 118-1602
    Introduced in House


  • March 15, 2023
    Introduced in Senate


  • March 15, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (19)
Mazie K. Hirono (Democratic)Tammy Duckworth (Democratic)Dianne Feinstein (Democratic)Richard J. Durbin (Democratic)Edward J. Markey (Democratic)Ben Ray Luján (Democratic)Robert P. Casey (Democratic)Sheldon Whitehouse (Democratic)Christopher Murphy (Democratic)Martin Heinrich (Democratic)John Fetterman (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Tammy Baldwin (Democratic)Cory A. Booker (Democratic)Peter Welch (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-1596: Stabilizing Vulnerable Banks Act
  • HR 118-1602: SVB Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted