Summary of Amendments Submitted to the Rules Committee for H.R. 4566 - Alleviating Stress Test Burdens to Help Investors Act

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March 19, 2018 10:05 AM

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Waters (CA)

#1

Restores the Federal Reserve Board's discretionary authority to stress test any non-designated non-bank, provided that certain conditions are met. It would also allow the Fed to use alternatives to capital, as appropriate, when stress-testing SIFI-designated non-banks, and eliminates the bill’s $10 billion threshold for the SEC’s and CFTC’s authority to issue stress testing rules for entities under their purview.