A bill to amend the Financial Stability Act of 2010 to provide relief to nonbanks from certain stress test requirements under that Act.
Alleviating Stress Test Burdens To Help Investors Act
This bill exempts certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests. These stress tests evaluate the ability of companies to absorb losses as a result of adverse economic conditions.
However, the Securities and Exchange Commission and the Commodity Futures Trading Commission may require exempted financial companies under their regulatory authority to conduct stress tests.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line