3.0.0 817 2025-01-14T18:20:21Z 2025-01-14T18:20:21Z Senate S S 2023-03-15 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-03-15T19:50:30Z 118 1596 HR 2023-03-14 Referred to the House Committee on Financial Services. Related bill CRS 118 1602 HR 2023-03-14 Referred to the House Committee on Financial Services. Related bill CRS 2023-03-15 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-03-15 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2023-03-15 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2023-03-15 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2023-03-15 True D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2023-03-15 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2023-03-15 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2023-03-15 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2023-03-15 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2023-03-15 True H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2023-03-15 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2023-03-15 True C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2023-03-15 True F000479 Sen. Fetterman, John [D-PA] John Fetterman D PA K. 2023-03-15 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2023-03-15 True W000800 Sen. Welch, Peter [D-VT] Peter Welch D VT 2023-03-15 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2023-03-15 True L000570 Sen. Lujan, Ben Ray [D-NM] Ben Lujan D NM R. 2023-03-15 True M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2023-03-15 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2023-03-29 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2023-07-10 False Finance and Financial Sector Finance and Financial Sector 2023-04-05T14:30:19Z

00 2023-03-15 Introduced in Senate 2023-06-16T15:04:47Z <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 2024-07-24T15:23:19Z Short Title(s) as Introduced 101 2024-05-24T13:41:39Z Introduced in Senate IS Short Title(s) as Introduced 101 2024-05-24T13:41:39Z Introduced in Senate IS Official Title as Introduced 6 2023-03-31T02:28:46Z Introduced in Senate IS Introduced in Senate 2023-03-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s817is/xml/BILLS-118s817is.xml 2023-03-15 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.