H.R. 3312: Systemic Risk Designation Improvement Act of 2017
CBO Score
$53 million
Documentation
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, ...
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