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HR 3992 118th Congress House Finance and Financial Sector

Effective Bank Regulation Act

Introduced: June 9, 2023 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 9, 2023
Referred to the House Committee on Financial Services.
Jun 9, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Effective Bank Regulation Act

This bill requires the Board of Governors of the Federal Reserve System to test additional scenarios during annual stress tests. Specifically, when evaluating whether a nonbank financial company or bank holding company has the capital to absorb losses due to adverse economic conditions, the board must test for three additional scenarios, including scenarios that incorporate interest rate changes.

What's happening now June 9, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3992: Effective Bank Regulation Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3992/
MLA
"H.R. 3992: Effective Bank Regulation Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3992/.
Bluebook (legal)
H.R. 3992, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3992/.
Markdown link
[H.R. 3992: Effective Bank Regulation Act](https://openamerica.io/bill/118-HR-3992/)
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