117 S5004 IS: Alleviating Stress Test Burdens to Help Investors Act U.S. Senate 2022-09-29 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II117th CONGRESS2d SessionS. 5004IN THE SENATE OF THE UNITED STATESSeptember 29, 2022Mr. Rounds (for himself and Mr. Tester) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsA BILLTo amend the Financial Stability Act of 2010 to provide relief to nonbanks from certain stress test requirements under that Act.

1.

Short title

This Act may be cited as the Alleviating Stress Test Burdens to Help Investors Act.

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..