3.0.0 3070 2023-01-11T13:42:09Z 2023-01-11T13:42:09Z Senate S 2018-06-14 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2018-06-14T16:32:48Z Financial CHOICE Act of 2017 115 10 HR 2017-07-13 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. Related bill CRS Financial Services and General Government Appropriations Act, 2018 115 3280 HR 2017-07-26 Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191. Related bill CRS Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018 115 3354 HR 2017-09-27 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230. Related bill CRS Financial Institution Living Will Improvement Act of 2017 115 4292 HR 2018-02-05 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Financial Services and General Government Appropriations Act, 2019 115 6258 HR 2018-06-28 Placed on the Union Calendar, Calendar No. 612. Related bill CRS 2018-06-14 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-06-14 Introduced in Senate IntroReferral 10000 9 Library of Congress R000605 Sen. Rounds, Mike [R-SD] Mike Rounds R SD N J000300 Sen. Jones, Doug [D-AL] Doug Jones D AL 2018-06-14 True Finance and Financial Sector Banking and financial institutions regulation Financial crises and stabilization Government information and archives Finance and Financial Sector 00 2018-06-14 Introduced in Senate 2018-07-13T19:25:03Z Financial Institution Living Will Improvement Act of 2018

This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to establish the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so once every two years. (Current regulations generally require annual submission of plans.)

The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.

]]> Financial Institution Living Will Improvement Act of 2018 Display Title Financial Institution Living Will Improvement Act of 2018 Official Title as Introduced A bill to reform the living will process under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Introduced in Senate IS Short Titles as Introduced Financial Institution Living Will Improvement Act of 2018 Introduced in Senate 2018-06-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3070is/xml/BILLS-115s3070is.xml 2018-06-14 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.