3.0.0 493 2023-01-11T13:34:24Z 2023-01-11T13:34:24Z House HR 2017-01-12 115 [Congressional Record Volume 163, Number 8 (Thursday, January 12, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CAPUANO:H.R. 493.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause3[Page H473]]]> hsba00 Financial Services Committee House Standing Referred to 2017-01-12T15:06:20Z 2017-01-12 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-01-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-01-12 Introduced in House IntroReferral 1000 9 Library of Congress C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 N L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2017-01-12 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-01-12 True Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Business investment and capital Business records Corporate finance and management Federal Reserve System Financial services and investments Finance and Financial Sector 00 2017-01-12 Introduced in House 2018-01-10T15:26:24Z Subsidy Reserve Act of 2017

This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to require each nonbank financial company supervised by the Federal Reserve Board (FRB) and each bank holding company with total consolidated assets of at least $500 billion to establish and maintain a capital account called a "subsidy reserve." The amount in a company's subsidy reserve shall be based, according to a formula established by the FRB, on the financial benefit received by the company as a result of the expectation of shareholders, creditors, and counterparties that the federal government will shield them from losses in the event of the company's failure. The amount in a company's subsidy reserve may be taken into account for purposes of determining a company's compliance with regulatory capital requirements.

]]> Subsidy Reserve Act of 2017 Display Title Subsidy Reserve Act of 2017 Official Title as Introduced To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require certain systemically important entities to account for the financial benefit they receive as a result of the expectations on the part of shareholders, creditors, and counterparties of such entities that the Government will shield them from losses in the event of failure, and for other purposes. Introduced in House IH Short Titles as Introduced Subsidy Reserve Act of 2017 Introduced in House 2017-01-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr493ih/xml/BILLS-115hr493ih.xml 2017-01-12 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.