[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3574 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 3574

   To amend the Financial Stability Act of 2010 to provide relief to 
     nonbanks from certain stress test requirements under that Act.


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                   IN THE SENATE OF THE UNITED STATES

                            October 11, 2018

  Mr. Rounds introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

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                                 A BILL


 
   To amend the Financial Stability Act of 2010 to provide relief to 
     nonbanks from certain stress test requirements under that 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)(2) of the Financial Stability Act of 2010 (12 U.S.C. 
5365(i)(2)) is amended--
            (1) in subparagraph (A), in the second sentence, 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'';
            (2) in subparagraph (C), in the matter preceding clause 
        (i), by striking ``Each Federal primary financial regulatory 
        agency'' and inserting ``Each Federal banking agency and the 
        Federal Housing Finance Agency''; and
            (3) 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.''.
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