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House Bill 4293
115th Congress(2017-2018)
Stress Test Improvement Act of 2017
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Passed House on Apr 11, 2018
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H. R. 4293 (Reported-in-House)

Union Calendar No. 451

115th CONGRESS
2d Session
H. R. 4293

[Report No. 115–593]


To reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

November 7, 2017

Mr. Zeldin introduced the following bill; which was referred to the Committee on Financial Services

March 13, 2018

Additional sponsors: Mr. David Scott of Georgia and Mr. Gottheimer

March 13, 2018

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

[Strike out all after the enacting clause and insert the part printed in italic]

[For text of introduced bill, see copy of bill as introduced on November 7, 2017]

A BILL

To reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Stress Test Improvement Act of 2017”.

SEC. 2. CCAR and DFAST reforms.

Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5365(i)) is amended—

(1) in paragraph (1)—

(A) in subparagraph (B)(i)—

(i) by striking “3 different” and inserting “2 different”; and

(ii) by striking “, adverse,”; and

(B) by adding at the end the following:

“(C) CCAR REQUIREMENTS.—

“(i) LIMITATION ON QUALITATIVE CAPITAL PLANNING OBJECTIONS.—In carrying out CCAR, the Board of Governors may not object to a company’s capital plan on the basis of qualitative deficiencies in the company’s capital planning process.

“(ii) CCAR DEFINED.—For purposes of this subparagraph and subparagraph (E), the term ‘CCAR’ means the Comprehensive Capital Analysis and Review established by the Board of Governors.”; and

(2) in paragraph (2)—

(A) in subparagraph (A), by striking “semiannual” and inserting “annual”; and

(B) in subparagraph (C)(ii), by striking “3 different sets of conditions, including baseline, adverse,” and inserting “2 different sets of conditions, including baseline”.

SEC. 3. Rule of construction.

The amendments made by this Act may not be construed to prohibit an appropriate Federal banking agency (as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813)) from—

(1) ensuring the safety and soundness of an entity regulated by such an appropriate Federal banking agency; and

(2) ensuring compliance with applicable laws, regulations, and supervisory policies, and the following of appropriate guidance, by an entity regulated by such an appropriate Federal banking agency.

Union Calendar No. 451

115th CONGRESS
     2d Session
H. R. 4293
[Report No. 115–593]
A BILL
To reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes.
March 13, 2018
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed