Providing for consideration of the conference report to accompany the bill (H.R. 1) to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; providing for consideration of the bill (H.R. 3312) 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, and for other purposes; and for other purposes.

3.0.0 3312 2023-01-11T13:37:24Z 2023-01-11T13:37:24Z House HR 2017-07-19 115 [Congressional Record Volume 163, Number 122 (Wednesday, July 19, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 3312.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests liesin Article 1, Section 7, Clause 2 of the Constitution, whichallows for every bill passed by the House of Representativesand the Senate and signed by the President to be codifiedinto law; and therefore implicitly allows Congress to repealany bill that has been passed by both chambers and signedinto law by the President.Additionally, the Constitution grants to Congress theexplicit power to regulate commerce in and among the states,as enumerate in Article 1, Section 8, Clause 3, the CommerceClause.[Page H6042]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-12-20T16:47:01Z hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2017-09-07T14:08:43Z Reported by 2017-11-28T17:23:53Z Markup by 2017-10-12T21:43:06Z Referred to 2017-07-19T14:03:30Z H. Rept. 115-423 Providing for consideration of the conference report to accompany the bill (H.R. 1) to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; providing for consideration of the bill (H.R. 3312) 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, and for other purposes; and for other purposes. 115 667 HRES 2017-12-19 Motion to reconsider laid on the table Agreed to without objection. 12:06:36 Related bill House Systemic Risk Designation Improvement Act of 2017 115 1893 S 2017-09-28 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2017-12-20 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-12-19 16:50:29 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-12-19 16:50:27 On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694). (text: CR H10220-10221) Floor H37100 2 House floor actions 694 https://clerk.house.gov/evs/2017/roll694.xml House 115 2017-12-19T21:50:27Z 1 2017-12-19 16:50:27 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694).(text: CR H10220-10221) Floor 8000 9 Library of Congress 694 https://clerk.house.gov/evs/2017/roll694.xml House 115 2017-12-19T21:50:27Z 1 2017-12-19 16:22:10 The previous question was ordered pursuant to the rule. Floor H35000 2 House floor actions 2017-12-19 15:12:13 DEBATE - The House proceeded with one hour of debate on H.R. 3312. Floor H8D000 2 House floor actions 2017-12-19 15:11:13 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. Floor H8D000 2 House floor actions 2017-12-19 15:11:08 Considered under the provisions of rule H. Res. 667. (consideration: CR H10220-10229) Floor H30000 2 House floor actions 2017-11-28 Placed on the Union Calendar, Calendar No. 313. Calendars H12410 2 House floor actions U00313 2017-11-28 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-423. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-11-28 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-423. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 12. Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-10-11 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-09-07 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Committee 2017-07-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-07-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-19 Introduced in House IntroReferral 1000 9 Library of Congress L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2017-07-19 True W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2017-07-19 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2017-07-19 True H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2017-07-19 True G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2017-07-19 True B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2017-07-19 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-07-19 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2017-07-19 True B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2017-07-24 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2017-07-24 False L000584 Rep. Love, Mia B. [R-UT-4] Mia Love R UT B. 4 2017-07-24 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2017-07-26 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2017-07-26 False P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2017-07-26 False P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2017-07-28 False L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2017-07-28 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2017-07-28 False M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2017-07-28 False V000131 Rep. Veasey, Marc A. [D-TX-33] Marc Veasey D TX A. 33 2017-07-28 False M001202 Rep. Murphy, Stephanie N. [D-FL-7] Stephanie Murphy D FL N. 7 2017-08-29 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2017-08-29 False B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2017-08-29 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2017-08-29 False T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2017-09-07 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2017-09-07 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2017-09-07 False G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2017-09-07 False H001074 Rep. Hollingsworth, Trey [R-IN-9] Trey Hollingsworth R IN 9 2017-09-07 False K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2017-09-25 False C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2017-09-25 False Y000065 Rep. Yoho, Ted S. [R-FL-3] Ted Yoho R FL S. 3 2017-09-25 False W000806 Rep. Webster, Daniel [R-FL-11] Daniel Webster R FL 11 2017-09-25 False B001274 Rep. Brooks, Mo [R-AL-5] Mo Brooks R AL 5 2017-09-25 False C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2017-09-25 False B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 2017-09-25 False B001303 Rep. Blunt Rochester, Lisa [D-DE-At Large] Lisa Blunt Rochester D DE 0 2017-09-26 False B001275 Rep. Bucshon, Larry [R-IN-8] Larry Bucshon R IN 8 2017-09-26 False R000435 Rep. Ros-Lehtinen, Ileana [R-FL-27] ILEANA ROS-LEHTINEN R FL 27 2017-09-26 False M001199 Rep. Mast, Brian J. [R-FL-18] Brian Mast R FL J. 18 2017-09-26 False S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2017-09-26 False R000601 Rep. Ratcliffe, John [R-TX-4] John Ratcliffe R TX 4 2017-09-26 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-8] Brian Fitzpatrick R PA K. 8 2017-09-26 False H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 2017-10-06 False R000609 Rep. Rutherford, John H. [R-FL-4] John Rutherford R FL H. 4 2017-10-06 False N000190 Rep. Norman, Ralph [R-SC-5] Ralph Norman R SC 5 2017-10-06 False R000598 Rep. Rothfus, Keith J. [R-PA-12] Keith Rothfus R PA J. 12 2017-10-06 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2017-10-06 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2017-10-06 False D000628 Rep. Dunn, Neal P. [R-FL-2] Neal Dunn R FL P. 2 2017-10-06 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2017-10-06 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2017-10-06 False G000560 Rep. Graves, Tom [R-GA-14] Tom Graves R GA 14 2017-10-06 False S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2017-10-06 False W000819 Rep. Walker, Mark [R-NC-6] Mark Walker R NC 6 2017-10-12 False F000459 Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] Charles Fleischmann R TN J. "Chuck" 3 2017-10-12 False R000607 Rep. Rooney, Francis [R-FL-19] Francis Rooney R FL 19 2017-10-12 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2017-10-12 False K000392 Rep. Kustoff, David [R-TN-8] David Kustoff R TN 8 2017-10-12 False D000616 Rep. DesJarlais, Scott [R-TN-4] Scott DesJarlais R TN 4 2017-10-12 False K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2017-10-12 False J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2017-10-12 False M001198 Rep. Marshall, Roger [R-KS-1] Roger Marshall R KS 1 2017-10-12 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2017-10-12 False C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2017-11-02 False B001284 Rep. Brooks, Susan W. [R-IN-5] Susan Brooks R IN W. 5 2017-11-02 False J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2017-11-02 False P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 2017-11-02 False W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2017-11-02 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2017-11-02 False 2017-11-14T14:56:26Z H.R. 3312, Systemic Risk Designation Improvement Act of 2017 https://www.cbo.gov/publication/53317 As ordered reported by the House Committee on Financial Services on October 12, 2017 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 Finance and Financial Sector

00 2017-07-19 Introduced in House 2018-05-22T13:43:44Z Systemic Risk Designation Improvement Act of 2017

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.

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

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17 2017-11-28 Reported to House with amendment(s) 2018-05-22T13:43:59Z 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.

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36 2017-12-19 Passed House amended 2018-05-22T13:44:11Z Systemic Risk Designation Improvement Act of 2017

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.

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Systemic Risk Designation Improvement Act of 2017 Display Title Systemic Risk Designation Improvement Act of 2017 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, and for other purposes. Introduced in House IH Short Titles as Introduced Systemic Risk Designation Improvement Act of 2017 Short Titles as Reported to House Systemic Risk Designation Improvement Act of 2017 H House Short Titles as Passed House Systemic Risk Designation Improvement Act of 2017 H House 505 115 HAMDT Pursuant to the provisions of H.Res. 667, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-49, modified by the amendment printed in the report is considered as adopted. Pursuant to the provisions of H.Res. 667, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-49, modified by the amendment printed in the report is considered as adopted. 2020-12-15T16:33:30Z Rules Committee 2017-12-19T05:00:00Z House of Representatives 115 HR House H 3312 Systemic Risk Designation Improvement Act of 2017 2023-01-11T13:37:24Z Committee Print 115-49 https://www.congress.gov/committee-print/115th-congress/house-committee-print/27857 H.Res. 667 https://www.congress.gov/bill/115th-congress/house-resolution/667 2 2017-12-19 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2017-12-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3312rfs/xml/BILLS-115hr3312rfs.xml Engrossed in House 2017-12-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3312eh/xml/BILLS-115hr3312eh.xml Reported in House 2017-11-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3312rh/xml/BILLS-115hr3312rh.xml Introduced in House 2017-07-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3312ih/xml/BILLS-115hr3312ih.xml 2017-12-20 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.