H.R. 4566 — what changed
Alleviating Stress Test Burdens to Help Investors Act
From Introduced in House to Reported in House. 1 section amended and 1 added between Introduced in House and Reported 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—
changed
in paragraph (1)(B)(ii), by striking “and nonbank financial companies”;companies”; and
in paragraph (2)—
changed
in subparagraph (A)—(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”;
removed
by striking “other financial companies” and inserting “other bank holding companies”; and
removed
by striking “and are regulated by a primary Federal financial regulatory agency”; and
changed
in subparagraph (C), by striking “Each Federal primary financial regulatory agency, in coordination with the Board of Governors and the Federal Insurance Office, shall issue consistent and comparable” agency” and inserting “The Board of Governors, in coordination with the “Each Federal primary financial regulatory agencies banking agency and the Federal Insurance Office shall issue”; Housing Finance Agency”; and
renumbered
was (5)
by adding at the end the following:
added “(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.”
removed
“(3) Limitation—The Board of Governors may limit the requirements of this subsection with respect to a nonbank financial company supervised by the Board of Governors, if the Board of Governors determines such limitation is appropriate.”
Sec. 3 Rule of construction
addedadded Nothing in this Act shall be construed to limit the authority of the Financial Stability Oversight Council under section 120 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5330).