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    <number>3992</number>
    <updateDate>2025-05-27T14:11:27Z</updateDate>
    <updateDateIncludingText>2025-05-27T14:11:27Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-06-09</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 101 (Friday, June 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. SHERMAN:H.R. 3992.Congress has the power to enact this legislation pursuantto the following:Article I. Section 8, Clause 3 of the U.S. Constituion:``To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes;''The single subject of this legislation is:To improve Federal bank supervision and regulation[Page H2791]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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            <name>Referred To</name>
            <date>2023-06-09T13:05:30Z</date>
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        <actionDate>2023-06-09</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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            <name>Financial Services Committee</name>
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        <actionDate>2023-06-09</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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        <actionDate>2023-06-09</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>S000344</bioguideId>
        <fullName>Rep. Sherman, Brad [D-CA-32]</fullName>
        <firstName>BRAD</firstName>
        <lastName>SHERMAN</lastName>
        <party>D</party>
        <state>CA</state>
        <district>32</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-07-12T16:46:33Z</updateDate>
      </policyArea>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-06-09</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2024-02-23T14:04:56Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;Effective Bank Regulation Act &lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Board of Governors of the Federal Reserve System to test additional scenarios during annual stress tests. Specifically, when evaluating whether a nonbank financial company or bank holding company has the capital to absorb losses due to adverse economic conditions, the board must test for three additional scenarios, including scenarios that incorporate interest rate changes. &lt;/p&gt;</text>
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    <title>Effective Bank Regulation Act</title>
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      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Effective Bank Regulation Act</title>
        <updateDate>2024-07-24T15:21:40Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Effective Bank Regulation Act</title>
        <updateDate>2024-05-24T13:38:55Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Financial Stability Act of 2010 to require stress tests performed pursuant to that Act to evaluate for the increase and decrease of interest rates, and for other purposes.</title>
        <updateDate>2024-03-18T20:58:17Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2023-06-09T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr3992ih/xml/BILLS-118hr3992ih.xml</url>
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    <latestAction>
      <actionDate>2023-06-09</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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