[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4566 Referred in Senate (RFS)]

<DOC>
115th CONGRESS
  2d Session
                                H. R. 4566


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 21, 2018

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
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)--
                    (A) by redesignating clauses (ii) through (v) as 
                clauses (iii) through (vi), respectively;
                    (B) by inserting after clause (i) the following:
                            ``(ii) may conduct the evaluation required 
                        by this subsection utilizing alternatives to 
                        the capital adequacy test described in 
                        subparagraph (A), as the Board may determine 
                        appropriate;'';
                    (C) in clause (iii), as so redesignated, by 
                inserting before the semicolon the following: ``, 
                provided that such tests of any nonbank financial 
                company--
                                    ``(I) are requested by a majority 
                                vote of the Council;
                                    ``(II) are conducted in accordance 
                                with the company's business model, 
                                including by utilizing alternatives to 
                                the capital adequacy test described in 
                                subparagraph (A), as the Board may 
                                determine appropriate; and
                                    ``(III) are not already required by 
                                the company's Federal primary financial 
                                regulatory agency''; and
                    (D) in clause (vi), as so redesignated, by striking 
                ``clause (ii)'' and inserting ``clause (iii)''; and
            (2) in paragraph (2)--
                    (A) in subparagraph (A), by striking ``are 
                regulated by a primary Federal financial regulatory 
                agency'' and inserting: ``whose primary financial 
                regulatory agency is a Federal banking agency or the 
                Federal Housing Finance Agency'';
                    (B) in subparagraph (C), by striking ``Each Federal 
                primary financial regulatory agency'' and inserting 
                ``Each Federal banking agency and the Federal Housing 
                Finance Agency''; and
                    (C) by adding at the end the following:
                    ``(D) SEC and cftc.--The Securities and Exchange 
                Commission and the Commodity Futures Trading Commission 
                may each issue regulations requiring financial 
                companies with respect to which they are the primary 
                financial regulatory agency to conduct periodic 
                analyses of the financial condition, including 
                available liquidity, of such companies under adverse 
                economic conditions.''.

SEC. 3. RULE OF CONSTRUCTION.

    Nothing in this Act shall be construed to limit the authority of 
the Financial Stability Oversight Council under section 120 of the 
Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 
5330).

            Passed the House of Representatives March 20, 2018.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.