[Congressional Record Volume 164, Number 41 (Thursday, March 8, 2018)]
[Senate]
[Pages S1585-S1586]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2161. Ms. CORTEZ MASTO submitted an amendment intended to be 
proposed by her to the bill S. 2155, to promote economic growth, 
provide tailored regulatory relief, and enhance consumer protections, 
and for other purposes; which was ordered to lie on the table; as 
follows:

       At the end of section 401, add the following:
       (__) Quantitative or Qualitative Objections to Capital 
     Plans.--
       (1) In general.--Any bank holding company with total 
     consolidated assets greater than $50,000,000,000 that, in the 
     preceding 5 years, has received a quantitative or qualitative 
     objection or conditional nonobjection to a capital plan 
     submitted to the Board of Governors of the Federal Reserve 
     System pursuant the Comprehensive Capital Analysis and Review 
     conducted under section 225.8 of title 12, Code of Federal 
     Regulations, shall be--

[[Page S1586]]

       (A) considered a bank holding company with total 
     consolidated assets equal to or greater than $250,000,000,000 
     with respect to the application of standards or requirements 
     under--
       (i) sections 116(a), 121(a), 155(d), 163(b), 164, and 165 
     of the Financial Stability Act of 2010 (12 U.S.C. 5326(a), 
     5331(a), 5345(d), 5363(b), 5364, 5365); and
       (ii) paragraph (2)(A) of the second subsection (s) 
     (relating to assessments) of section 11 of the Federal 
     Reserve Act (12 U.S.C. 248(s)(2)); and
       (B) subject to annual analyses to evaluate whether the bank 
     has the capital, on a total consolidated basis, necessary to 
     absorb losses as a result of adverse economic conditions.
       (2) Conditions.--Each analysis described in paragraph 
     (1)(B) shall provide for at least 3 different sets of 
     conditions under which the evaluation required by that 
     paragraph shall be conducted, including baseline, adverse, 
     and severely adverse.
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