3.0.0 1893 2023-01-11T13:38:32Z 2023-01-11T13:38:32Z Senate S 2017-09-28 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-09-28T19:10:50Z Systemic Risk Designation Improvement Act of 2017 115 3312 HR 2017-12-20 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2017-09-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-09-28 Introduced in Senate IntroReferral 10000 9 Library of Congress M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO N P000612 Sen. Perdue, David [R-GA] David Perdue R GA Alfred 2017-09-28 True R000605 Sen. Rounds, Mike [R-SD] Mike Rounds R SD 2017-10-17 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2017-10-17 False N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM 2017-10-23 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2017-10-24 False S001202 Sen. Strange, Luther [R-AL] Luther Strange R AL 2017-10-31 False F000444 Sen. Flake, Jeff [R-AZ] JEFF FLAKE R AZ 2017-11-27 False 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 Finance and Financial Sector 00 2017-09-28 Introduced in Senate 2018-05-22T15:52:49Z 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.

]]> Systemic Risk Designation Improvement Act of 2017 Display Title Systemic Risk Designation Improvement Act of 2017 Short Titles as Introduced Systemic Risk Designation Improvement Act of 2017 Official Title as Introduced A bill 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 Senate 2017-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1893is/xml/BILLS-115s1893is.xml 2017-09-28 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.