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Bill
Notes

H.R. 4566 — what changed

Alleviating Stress Test Burdens to Help Investors Act

From Reported in House to Engrossed in House. 1 section amended between Reported in House and Engrossed in House.

Sec. 2 Stress test relief for nonbanks

Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5365(i)) is amended—

(1)
changed in paragraph (1)(B)(ii), by striking “and nonbank financial companies”; and(1)(B)—
(A)
added by redesignating clauses (ii) through (v) as clauses (iii) through (vi), respectively;
(B)
added by inserting after clause (i) the following:

added “(ii) may conduct the evaluation required by this subsection utilizing alternatives to the capital adequacy test described in subparagraph (A), as the Board may determine appropriate;”

(C)
added in clause (iii), as so redesignated, by inserting before the semicolon the following:

added “(I) are requested by a majority vote of the Council;

added “(II) are conducted in accordance with the company’s business model, including by utilizing alternatives to the capital adequacy test described in subparagraph (A), as the Board may determine appropriate; and

added “(III) are not already required by the company’s Federal primary financial regulatory agency”

(D)
added in clause (vi), as so redesignated, by striking “clause (ii)” and inserting “clause (iii)”; and
(2)
in paragraph (2)—
(A)
in subparagraph (A), by striking “are regulated by a primary Federal financial regulatory agency” and inserting: “whose primary financial regulatory agency is a Federal banking agency or the Federal Housing Finance Agency”;
(B)
in subparagraph (C), by striking “Each Federal primary financial regulatory agency” and inserting “Each Federal banking agency and the Federal Housing Finance Agency”; and
(C)
by adding at the end the following:

changed “(D) SEC and CFTC—The Securities and Exchange Commission and the Commodity Futures Trading Commission may each issue regulations requiring financial companies with respect to which they are the primary financial regulatory agency and that have total consolidated assets of more than $10,000,000,000 to conduct periodic analyses of the financial condition, including available liquidity, of such companies under adverse economic conditions.”