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.
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 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Nov 7, 2017Markup Nov 15, 2017Reported Mar 13, 2018 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Apr 12, 2018 |
Actions 21
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 under the provisions of rule H. Res. 780. (consideration: CR H3112-3119)
- Apr 11, 2018The 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.
- Apr 11, 2018DEBATE - The House proceeded with one hour of debate on H.R. 4293.
- Apr 11, 2018The previous question was ordered pursuant to the rule.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H3112–H3119Text printed H3112Motions H3118Recorded votes H3128, H3129enactWaters motion to recommit (determine if certain institutions violate Federal banking and consumer protection laws and revoke banking charters and Federal deposit insurance for such institutions) | Andy Barr R-KY, Claudia Tenney R-NY, David Scott D-GA, Jeb Hensarling R-TX, Keith J. Rothfus R-PA, Lee M. Zeldin R-NY, Maxine Waters D-CA (motion), Mia B. Love R-UT | Apr 11, 2018 |
| House | Debate and remarks H1618–H1624Text printed H1618Amendments H1623Recorded votes H1644consideration (H. Res. 780), previous question | Alcee L. Hastings D-FL (amendment), James E. Clyburn D-SC, Ken Buck R-CO, Lee M. Zeldin R-NY | Mar 15, 2018 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Mar 9, 2018H.R. 4293, Stress Test Improvement Act of 2017As ordered reported by the House Committee on Financial Services on November 15, 2017
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 181, November 7, 2017, page H8598.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 115-109 | EXAMINING CAPITAL REGIMES FOR FINANCIAL INSTITUTIONS245 pages | Financial Services Committee | Jul 17, 2018 |
CRS reports 3
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 3
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44848 | Federal Reserve: Legislation in the 115th Congress Archived | Report | Sep 25, 2018 |
| R45073 | Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174) and Selected Policy Issues Archived | Report | Jun 6, 2018 |
| IN10876 | Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) and House Legislation: Common Issue Areas Archived | Insight | May 17, 2018 |
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 | House amendment offered |
Related bills 1
Companion bills and other measures the record links to this one.
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes.
- Short Titles as Introduced
- Stress Test Improvement Act of 2017
- Short Titles as Reported to House
- Stress Test Improvement Act of 2017
- Short Titles as Passed House
- Stress Test Improvement Act of 2017
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
