Stress Test Improvement Act of 2017
Latest action · Apr 12, 2018 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 7, 2017
- Passed HouseApr 11, 2018
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Recorded votes 2
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 137 | On Passage | Passed245–174 | Apr 11, 2018 |
| House 136 | On Motion to Recommit with Instructions | Failed188–231 | Apr 11, 2018 |
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Dec 15, 2017 to Dec 21, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-GA | David Scott | Dec 15, 2017 | |
| D-NJ | Josh Gottheimer | Dec 21, 2017 |
Actions 22
Everything that happened, newest first.
- Apr 12, 2018Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Apr 11, 2018Considered as unfinished business. (consideration: CR H3128-3129)
- Apr 11, 2018Considered under the provisions of rule H. Res. 780. (consideration: CR H3112-3119)
- Apr 11, 2018DEBATE - 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.
- Apr 11, 2018DEBATE - The House proceeded with one hour of debate on H.R. 4293.
Amendments 1
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| HAmdt 539 | Pursuant to the provisions of H.Res. 780, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-63, modified by the amendment printed in part B of House Report 115-600 is considered adopted. | Rules Committee | — |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 780 | Providing for consideration of the bill (H.R. 4061) to amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes, and providing for c | Procedurally related | Mar 15, 2018 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Apr 12, 2018Referred in Senate
- Apr 11, 2018Engrossed in House
- Mar 13, 2018Reported in House
- Nov 7, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
