3.0.0 4532 2023-01-11T13:26:37Z 2023-01-11T13:26:37Z House H HR 2014-04-30 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BEATTY:H.R. 4532.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the United StatesConstitution which grants Congress the power to regulateCommerce with foreign Nations, and among the several States,and with the Indian Tribes.[Page H3364]]]> hsba00 Financial Services Committee House Standing Referred to 2014-04-30T14:00:08Z Systemic Risk Designation Improvement Act of 2014 113 4060 HR 2014-02-14 Referred to the House Committee on Financial Services. Related bill CRS 2014-04-30 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-04-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-04-30 Introduced in House IntroReferral 1000 9 Library of Congress B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 N S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2014-04-30 True Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Federal Reserve System Financial Stability Oversight Council Financial services and investments Finance and Financial Sector 00 2014-04-30 Introduced in House 2014-07-03T14:41:30Z Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to authorize the Financial Stability Oversight Council to determine that a bank holding company shall be subject to enhanced supervision and prudential standards by the Board of Governors of the Federal Reserve System, if the Council makes a final determination that material financial distress at the bank holding company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of its activities could threaten the financial stability of the United States.

Subjects bank holding companies with total consolidated assets of $250 billion or more to such enhanced supervision and prudential standards.

Directs the Council to: (1) review each bank holding company with total consolidated assets of between $50 billion and $250 billion in order to determine whether to subject such company to such enhanced Board supervision and prudential standards; and (2) re-review within 36 months any company not subjected to enhanced Board supervision and prudential standards, or sooner if its activities have significantly changed and it might pose a threat to U.S. financial stability.

Expresses the sense of Congress that: (1) consolidated asset size is only one of many factors to be considered in determining systemic risk; and (2) specified processes identified in Dodd-Frank (as modified by this Act) represent a more accurate indicator of systemic risk.

]]> To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision. Display Title To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision. Official Title as Introduced To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision. Introduced in House IH Introduced in House 2014-04-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4532ih/xml/BILLS-113hr4532ih.xml 2014-04-30 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.