H.R. 3312: Systemic Risk Designation Improvement Act of 2017

CBO Score

$53 million

Date of Report

Mon November 13th, 2017

CBO Report Details

Legislation Details

115th Congress

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision, and for other purposes.

Sponsor: Rep. Blaine Luetkemeyer — R — MO

This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, ...

View the full vote history of this bill on GovTrack.us.

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