To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide relief to nonbanks from certain stress test requirements under such Act.
Alleviating Stress Test Burdens to Help Investors Act
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to: (1) eliminate the Federal Reserve Board's authority to conduct stress tests of nonbank financial companies more than once annually, and (2) exempt certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests.
The Securities and Exchange Commission and the Commodity Futures Trading Commission may issue separate regulations requiring specified financial companies with more than $10 billion in total consolidated assets to conduct financial-condition analyses.
Motion to reconsider laid on the table Agreed to without objection.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Message on House action received in Senate and at desk: House amendments to Senate bill.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 8.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-601.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-601.
Placed on the Union Calendar, Calendar No. 457.
Rules Committee Resolution H. Res. 787 Reported to House. The resolution provides for one hour of debate on each bill. The resolution makes in order only the further amendment to H.R. 4566 printed in the report. No further amendments on either bill are made in order. Section 3 of the resolution makes it in order to consider any resolution reported from the Rules Committee on the day it is reported through the legislative day of March 23, 2018. Section 4 grants suspension authority on the legislative days of March 22, 2018 and March 23, 2018. Section 5 of the resolution amends section 3(a) of H. Res. 5.
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ORDER OF BUSINESS - Ms. Waters of California asked unanimous consent to modify amendment No. 1 printed in House Report 115-613. Agreed to without objection.
Considered under the provisions of rule H. Res. 787. (consideration: CR H1712-1718)
The resolution provides for one hour of debate on each bill. The resolution makes in order only the further amendment to H.R. 4566 printed in the report. No further amendments on either bill are made in order. Section 3 of the resolution makes it in order to consider any resolution reported from the Rules Committee on the day it is reported through the legislative day of March 23, 2018. Section 4 grants suspension authority on the legislative days of March 22, 2018 and March 23, 2018. Section 5 of the resolution amends section 3(a) of H.Res. 5 by striking "the first session of".
DEBATE - The House proceeded with one hour of debate on H.R. 4566.
DEBATE - Pursuant to the order of the House on March 20, 2018, the House proceeded with 10 minutes of debate on the Maxine Waters amendment No. 1, as modified.
The previous question was ordered pursuant to the rule.
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 395 - 19 (Roll no. 119).(text: CR H1712)
Roll Call #119 (House)On passage Passed by the Yeas and Nays: 395 - 19 (Roll no. 119). (text: CR H1712)
Roll Call #119 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.