HR 3312 115th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Corporate finance and management Federal Reserve System Financial crises and stabilization Government information and archives User charges and fees

Systemic Risk Designation Improvement Act of 2017

Introduced: July 19, 2017 See on congress.gov

Everywhere this bill has been 16 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 20, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Dec 19, 2017

DEBATE - The House proceeded with one hour of debate on H.R. 3312.

Dec 19, 2017

The resolution provides for consideration of the conference report to accompany H.R. 1. Additionally, the resolution provides for consideration of H.R. 3312, under a closed rule. The rule provides for one hour of general debate and one motion to recommit on both the conference report and H.R. 3312. Lastly, the rule provides for motions to suspend the rules through the remainder of the first session of the 115th Congress.

Dec 19, 2017

Motion to reconsider laid on the table Agreed to without objection.

Dec 19, 2017

On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694). (text: CR H10220-10221)

Dec 19, 2017

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694).(text: CR H10220-10221)

Dec 19, 2017

The previous question was ordered pursuant to the rule.

Dec 19, 2017

Considered under the provisions of rule H. Res. 667. (consideration: CR H10220-10229)

Nov 28, 2017

Placed on the Union Calendar, Calendar No. 313.

Nov 28, 2017

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-423.

Oct 12, 2017

Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 12.

Oct 12, 2017

Committee Consideration and Mark-up Session Held.

Oct 11, 2017

Committee Consideration and Mark-up Session Held.

Sep 7, 2017

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Jul 19, 2017

Referred to the House Committee on Financial Services.

Jul 19, 2017

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Dec 19, 2017	House · vote #694	On Passage	Passed	288–130	See who voted →

Plain-English summary Congressional Research Service

Systemic Risk Designation Improvement Act of 2017

(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision.

The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision.

Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio.

(Sec. 3) The FRB must publish the list of companies that have been identified as requiring enhanced supervision.

(Sec. 5) The bill provides for the temporary extension of fees and assessments collected from specified bank holding companies under current law, and includes a limit on the total amount collected under the extension.

What's happening now December 20, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees of jurisdiction 3