3.0.0 1602 2025-05-27T14:16:21Z 2025-05-27T14:16:21Z House H HR 2023-03-14 118 <pre>[Congressional Record Volume 169, Number 47 (Tuesday, March 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Ms. PORTER:H.R. 1602.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 18 of the UnitedStates Constitution.The single subject of this legislation is:To repeal title IV of the Economic Growth, RegulatoryRelief, and Consumer Protection Act.[Page H1288]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-03-14T20:06:00Z 118 1596 HR 2023-03-14 Referred to the House Committee on Financial Services. Related bill CRS 118 817 S 2023-03-15 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2023-03-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-03-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-03-14 Introduced in House IntroReferral 1000 9 Library of Congress P000618 Rep. Porter, Katie [D-CA-47] Katie Porter D CA 47 N M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2023-03-14 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2023-03-14 True N000002 Rep. Nadler, Jerrold [D-NY-12] JERROLD NADLER D NY 12 2023-03-14 True E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2023-03-14 True W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2023-03-14 True M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2023-03-14 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2023-03-14 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2023-03-14 True G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2023-03-14 True L000551 Rep. Lee, Barbara [D-CA-12] BARBARA LEE D CA 12 2023-03-14 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2023-03-14 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2023-03-14 True B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2023-03-14 True K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2023-03-14 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2023-03-14 True T000472 Rep. Takano, Mark [D-CA-39] Mark Takano D CA 39 2023-03-14 True G000585 Rep. Gomez, Jimmy [D-CA-34] Jimmy Gomez D CA 34 2023-03-14 True B001223 Rep. Bowman, Jamaal [D-NY-16] Jamaal Bowman D NY 16 2023-03-14 True S001193 Rep. Swalwell, Eric [D-CA-14] Eric Swalwell D CA 14 2023-03-14 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2023-03-14 True R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2023-03-14 True O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2023-03-14 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2023-03-14 True A000148 Rep. Auchincloss, Jake [D-MA-4] Jake Auchincloss D MA 4 2023-03-14 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2023-03-14 True B001300 Rep. Barragan, Nanette Diaz [D-CA-44] Nanette Barragan D CA Diaz 44 2023-03-14 True G000559 Rep. Garamendi, John [D-CA-8] John Garamendi D CA 8 2023-03-14 True P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2023-03-14 True G000574 Rep. Gallego, Ruben [D-AZ-3] Ruben Gallego D AZ 3 2023-03-14 True B001224 Rep. Bush, Cori [D-MO-1] Cori Bush D MO 1 2023-03-14 True G000598 Rep. Garcia, Robert [D-CA-42] Robert Garcia D CA 42 2023-03-14 True S001150 Rep. Schiff, Adam B. [D-CA-30] ADAM SCHIFF D CA B. 28 2023-03-17 False D000399 Rep. Doggett, Lloyd [D-TX-37] LLOYD DOGGETT D TX 37 2023-03-17 False T000481 Rep. Tlaib, Rashida [D-MI-12] Rashida Tlaib D MI 12 2023-03-17 False M001225 Rep. Mullin, Kevin [D-CA-15] Kevin Mullin D CA 15 2023-03-17 False L000397 Rep. Lofgren, Zoe [D-CA-18] ZOE LOFGREN D CA 18 2023-03-17 False M001196 Rep. Moulton, Seth [D-MA-6] Seth Moulton D MA 6 2023-03-17 False T000482 Rep. Trahan, Lori [D-MA-3] Lori Trahan D MA 3 2023-03-17 False W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2023-03-17 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2023-03-17 False B001318 Rep. Balint, Becca [D-VT-At Large] Becca Balint D VT 0 2023-03-17 False C001080 Rep. Chu, Judy [D-CA-28] Judy Chu D CA 28 2023-03-17 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2023-03-17 False T000487 Rep. Tokuda, Jill N. [D-HI-2] Jill Tokuda D HI N. 2 2023-03-17 False P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2023-03-17 False L000593 Rep. Levin, Mike [D-CA-49] Mike Levin D CA 49 2023-03-22 False C001097 Rep. Cárdenas, Tony [D-CA-29] Tony Cárdenas D CA 29 2023-03-22 False B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 2023-03-22 False P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2023-03-23 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2023-03-23 False O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 2023-03-28 False S001168 Rep. Sarbanes, John P. [D-MD-3] John Sarbanes D MD P. 3 2023-03-28 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2023-03-28 False F000476 Rep. Frost, Maxwell [D-FL-10] Maxwell Frost D FL 10 2023-03-28 False S001218 Rep. Stansbury, Melanie Ann [D-NM-1] Melanie Stansbury D NM Ann 1 2023-03-29 False K000375 Rep. Keating, William R. [D-MA-9] William Keating D MA R. 9 2023-04-13 False R000617 Rep. Ramirez, Delia C. [D-IL-3] Delia Ramirez D IL C. 3 2023-04-13 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2023-04-13 False C001131 Rep. Casar, Greg [D-TX-35] Greg Casar D TX 35 2023-04-13 False L000602 Rep. Lee, Summer L. [D-PA-12] Summer Lee D PA L. 12 2023-04-13 False R000579 Rep. Ryan, Patrick [D-NY-18] Patrick Ryan D NY 18 2023-04-18 False D000624 Rep. Dingell, Debbie [D-MI-6] Debbie Dingell D MI 6 2023-04-18 False D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2023-05-09 False N000179 Rep. Napolitano, Grace F. [D-CA-31] GRACE NAPOLITANO D CA F. 31 2023-05-09 False S000510 Rep. Smith, Adam [D-WA-9] ADAM SMITH D WA 9 2023-05-31 False L000582 Rep. Lieu, Ted [D-CA-36] Ted Lieu D CA 36 2023-06-12 False G000599 Rep. Goldman, Daniel S. [D-NY-10] Daniel Goldman D NY S. 10 2023-08-29 False M001188 Rep. Meng, Grace [D-NY-6] Grace Meng D NY 6 2023-09-26 False Finance and Financial Sector Finance and Financial Sector 2023-04-05T14:30:19Z

00 2023-03-14 Introduced in House 2023-04-14T18:26:33Z <p><b>Secure Viable Banking Act or the SVB Act </b></p> <p>This bill increases the oversight of certain nonbank financial companies and bank holding companies by repealing Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174). (A nonbank financial company is a financial institution without a banking license that may be subject to supervision due to the company's size or risk profile. A bank holding company owns a controlling interest in one or more banks.)</p> <p>Specifically, the bill decreases from $250 billion to $50 billion the asset threshold at which enhanced prudential standards become mandatory, thereby requiring more companies to comply with these standards. These standards include stress testing, leverage limits, liquidity requirements, and resolution plan requirements (i.e., living will requirements). Under current law, the Federal Reserve has the discretion to determine the applicability of these standards to bank holding companies with assets between $100 billion and $250 billion.</p> <p>The bill also expands stress testing by </p> <ul> <li>increasing the number of board-run stress test scenarios from two to three; </li> <li>decreasing the asset threshold at which company-run stress tests are required from $250 billion to $10 billion; and </li> <li>requiring company-run stress tests to be performed annually or semiannually, depending on the amount of assets held.</li> </ul> <p>The bill also decreases from $50 billion to $10 billion the asset threshold for mandatory risk committees.</p> <p>Finally, the bill revises the supplemental leverage ratio applied to custodial banks and the asset treatment of certain municipal obligations.</p>

Display Title 45 2024-07-24T15:23:20Z Short Title(s) as Introduced 101 2024-05-24T13:41:40Z Introduced in House IH Short Title(s) as Introduced 101 2024-05-24T13:41:40Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:28:00Z Introduced in House IH Introduced in House 2023-03-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1602ih/xml/BILLS-118hr1602ih.xml 2023-03-14 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.