HR 3992
118th Congress
House
Finance and Financial Sector
Effective Bank Regulation Act
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
Plain-English summary
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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1