[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 5004 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 5004

   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

                           September 29, 2022

Mr. Rounds (for himself and Mr. Tester) 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 the following: ``the primary 
        financial regulatory agency with respect to which 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 the applicable agency 
                is the primary financial regulatory agency to conduct 
                periodic analyses of the financial condition, including 
                available liquidity, of those companies under adverse 
                economic conditions.''.
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