[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4293 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 451
115th CONGRESS
  2d Session
                                H. R. 4293

                          [Report No. 115-593]

 To reform the Comprehensive Capital Analysis and Review process, the 
      Dodd-Frank Act Stress Test process, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 7, 2017

  Mr. Zeldin introduced the following bill; which was referred to the 
                    Committee on Financial Services

                             March 13, 2018

   Additional sponsors: Mr. David Scott of Georgia and Mr. Gottheimer

                             March 13, 2018

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
    [For text of introduced bill, see copy of bill as introduced on 
                           November 7, 2017]


_______________________________________________________________________

                                 A BILL


 
 To reform the Comprehensive Capital Analysis and Review process, the 
      Dodd-Frank Act Stress Test process, and for other purposes.


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stress Test Improvement Act of 
2017''.

SEC. 2. CCAR AND DFAST REFORMS.

    Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (12 U.S.C. 5365(i)) is amended--
            (1) in paragraph (1)--
                    (A) in subparagraph (B)(i)--
                            (i) by striking ``3 different'' and 
                        inserting ``2 different''; and
                            (ii) by striking ``, adverse,''; and
                    (B) by adding at the end the following:
                    ``(C) CCAR requirements.--
                            ``(i) Limitation on qualitative capital 
                        planning objections.--In carrying out CCAR, the 
                        Board of Governors may not object to a 
                        company's capital plan on the basis of 
                        qualitative deficiencies in the company's 
                        capital planning process.
                            ``(ii) CCAR defined.--For purposes of this 
                        subparagraph and subparagraph (E), the term 
                        `CCAR' means the Comprehensive Capital Analysis 
                        and Review established by the Board of 
                        Governors.''; and
            (2) in paragraph (2)--
                    (A) in subparagraph (A), by striking ``semiannual'' 
                and inserting ``annual''; and
                    (B) in subparagraph (C)(ii), by striking ``3 
                different sets of conditions, including baseline, 
                adverse,'' and inserting ``2 different sets of 
                conditions, including baseline''.

SEC. 3. RULE OF CONSTRUCTION.

    The amendments made by this Act may not be construed to prohibit an 
appropriate Federal banking agency (as defined in section 3 of the 
Federal Deposit Insurance Act (12 U.S.C. 1813)) from--
            (1) ensuring the safety and soundness of an entity 
        regulated by such an appropriate Federal banking agency; and
            (2) ensuring compliance with applicable laws, regulations, 
        and supervisory policies, and the following of appropriate 
        guidance, by an entity regulated by such an appropriate Federal 
        banking agency.
                                                 Union Calendar No. 451

115th CONGRESS

  2d Session

                               H. R. 4293

                          [Report No. 115-593]

_______________________________________________________________________

                                 A BILL

 To reform the Comprehensive Capital Analysis and Review process, the 
      Dodd-Frank Act Stress Test process, and for other purposes.

_______________________________________________________________________

                             March 13, 2018

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed