[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4566 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4566

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
  to provide relief to nonbanks from certain stress test requirements 
                            under such Act.


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                    IN THE HOUSE OF REPRESENTATIVES

                            December 6, 2017

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

_______________________________________________________________________

                                 A BILL


 
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
  to provide relief to nonbanks from certain stress test requirements 
                            under such Act.

    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 ``Alleviating Stress Test Burdens to 
Help Investors Act''.

SEC. 2. STRESS TEST RELIEF FOR NONBANKS.

    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)(B)(ii), by striking ``and nonbank 
        financial companies'';
            (2) in paragraph (2)--
                    (A) in subparagraph (A)--
                            (i) by striking ``other financial 
                        companies'' and inserting ``other bank holding 
                        companies''; and
                            (ii) by striking ``and are regulated by a 
                        primary Federal financial regulatory agency''; 
                        and
                    (B) in subparagraph (C), by striking ``Each Federal 
                primary financial regulatory agency, in coordination 
                with the Board of Governors and the Federal Insurance 
                Office, shall issue consistent and comparable'' and 
                inserting ``The Board of Governors, in coordination 
                with the Federal primary financial regulatory agencies 
                and the Federal Insurance Office shall issue''; and
            (3) by adding at the end the following:
            ``(3) Limitation.--The Board of Governors may limit the 
        requirements of this subsection with respect to a nonbank 
        financial company supervised by the Board of Governors, if the 
        Board of Governors determines such limitation is 
        appropriate.''.
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