Stress Test Improvement Act of 2017
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to modify testing requirements applicable to bank holding companies and certain nonbank financial companies, including by: (1) requiring the Federal Reserve Board (FRB) to revise its regulations regarding specified conditions, methodologies, and models for stress testing; (2) establishing limitations on Comprehensive Capital Analysis and Review by the FRB; and (3) reducing the frequency of stress testing from semiannual to annual.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-04-12 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2018-04-11 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2018-04-11 | Vote | On passage Passed by the Yeas and Nays: 245 - 174 (Roll no. 137). (text: CR H3112) | House floor actions |
| 2018-04-11 | Vote | On motion to recommit with instructions Failed by the Yeas and Nays: 188 - 231 (Roll no. 136). | House floor actions |
| 2018-04-11 | Floor | Considered as unfinished business. (consideration: CR H3128-3129) | House floor actions |
| 2018-04-11 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the Maxine Waters motion to recommit with instructions, the Chair put the question on the motion to recommit and by voice vote announced that the ayes had prevailed. Ms. Maxine Waters demanded the yeas and nays, and the Chair postponed further proceedings on the motion to recommit until later in the legislative day. | House floor actions |
| 2018-04-11 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. | House floor actions |
| 2018-04-11 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the Maxine Waters motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require stronger semi-annual stress tests for any global systemically important bank holding company or subsidiary that has engaged in a pattern of unsafe banking practices or any other violations related to consumer harm. | House floor actions |
| 2018-04-11 | Floor | Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H3118) | House floor actions |
| 2018-04-11 | Floor | The previous question was ordered pursuant to the rule. | House floor actions |
| 2018-04-11 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 4293. | House floor actions |
| 2018-04-11 | Floor | The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules. | House floor actions |
| 2018-04-11 | Floor | Considered under the provisions of rule H. Res. 780. (consideration: CR H3112-3119) | House floor actions |
| 2018-03-15 | Floor | Rule H. Res. 780 passed House. | House floor actions |
| 2018-03-14 | Floor | Rules Committee Resolution H. Res. 780 Reported to House. The resolution provides for one hour of debate on each measure. The rule provides for H.R. 4061 and H.R. 4293 to be considered under closed rules. | House floor actions |
| 2018-03-13 | Calendars | Placed on the Union Calendar, Calendar No. 451. | House floor actions |
| 2018-03-13 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-593. | House floor actions |
| 2017-11-15 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 38 - 21. | House committee actions |
| 2017-11-15 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-11-07 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-11-07 | IntroReferral | Introduced in House | Library of Congress |