H.R. 3312 - 115th Congress (2017-2018) - Systemic Risk Designation Improvement Act of 2017

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, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision.

The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision.

Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio.

The FRB must publish the list of companies that have been identified as requiring enhanced supervision.

Text (4)

December 20, 2017

December 19, 2017

November 28, 2017

July 19, 2017

Amendments (1)

Dec 19, 2017

Offered in House

Sponsorship

House Amendment 505

Pursuant to the provisions of H.Res. 667, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-49, modified by the amendment printed in the report is considered as adopted.

Submitted

Actions (16)

Show Only Major Actions

12/20/2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

12/19/2017

Motion to reconsider laid on the table Agreed to without objection.

12/19/2017

On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694). (text: CR H10220-10221)

12/19/2017

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694).(text: CR H10220-10221)

12/19/2017

The previous question was ordered pursuant to the rule.

12/19/2017

DEBATE - The House proceeded with one hour of debate on H.R. 3312.

12/19/2017

The resolution provides for consideration of the conference report to accompany H.R. 1. Additionally, the resolution provides for consideration of H.R. 3312, under a closed rule. The rule provides for one hour of general debate and one motion to recommit on both the conference report and H.R. 3312. Lastly, the rule provides for motions to suspend the rules through the remainder of the first session of the 115th Congress.

12/19/2017

Considered under the provisions of rule H. Res. 667. (consideration: CR H10220-10229)

11/28/2017

Placed on the Union Calendar, Calendar No. 313.

11/28/2017

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-423.

10/12/2017

Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 12.

10/12/2017

Committee Consideration and Mark-up Session Held.

10/11/2017

Committee Consideration and Mark-up Session Held.

09/07/2017

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

07/19/2017

Referred to the House Committee on Financial Services.

07/19/2017

Introduced in House

Public Record

Record Updated

Jan 11, 2023 1:37:24 PM