US Congress House Bill 4060 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 62-19-1)
Status: Introduced on February 14 2014 - 25% progression, died in committee
Action: 2014-02-14 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Systemic Risk Designation Improvement Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to authorize the Financial Stability Oversight Council to determine that a bank holding company shall be subject to enhanced supervision and prudential standards by the Board of Governors of the Federal Reserve System, if the Council makes a final determination that material financial distress at the bank holding company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of its activities, could threaten the financial stability of the United States. Requires that final determination to be based upon specified factors using an indicator-based measurement approach established by the Basel Committee on Banking Supervision to determine systemic importance. Exempts from any Council determination to subject a bank holding company to enhanced supervision and prudential standards a bank holding company with total consolidated assets of $50 billion or less. Prohibits the Council, before the effective date of this Act, from making a final determination concerning any material financial distress of a bank holding company identified by the Financial Stability Board as a Global Systemically Important Financial Institution.

Systemic Risk Designation Improvement Act of 2014

Rep. Blaine Luetkemeyer [R-MO]	Rep. Robert Aderholt [R-AL]	Rep. Mark Amodei [R-NV]	Rep. Spencer Bachus [R-AL]
Rep. Ron Barber [D-AZ]	Rep. Garland Barr [R-KY]	Rep. John Barrow [D-GA]	Rep. Gus Bilirakis [R-FL]
Rep. Rob Bishop [R-UT]	Rep. Sanford Bishop [D-GA]	Rep. Diane Black [R-TN]	Rep. Mo Brooks [R-AL]
Rep. Larry Bucshon [R-IN]	Rep. Bradley Byrne [R-AL]	Rep. Jason Chaffetz [R-UT]	Rep. Emanuel Cleaver [D-MO]
Rep. Michael Conaway [R-TX]	Rep. Jim Costa [D-CA]	Sen. Tom Cotton [R-AR]	Rep. Scott DesJarlais [R-TN]
Rep. Mario Diaz-Balart [R-FL]	Rep. Blake Farenthold [R-TX]	Rep. Stephen Fincher [R-TN]	Rep. Charles Fleischmann [R-TN]
Rep. Bill Flores [R-TX]	Rep. Randy Forbes [R-VA]	Rep. Lois Frankel [D-FL]	Rep. Trent Franks [R-AZ]
Rep. Joe Garcia [D-FL]	Sen. Cory Gardner [R-CO]	Rep. Kay Granger [R-TX]	Rep. Ralph Hall [R-TX]
Rep. Richard Hanna [R-NY]	Rep. Alcee Hastings [D-FL]	Rep. Joseph Heck [R-NV]	Rep. Brian Higgins [D-NY]
Rep. Bill Huizenga [R-MI]	Rep. Randy Hultgren [R-IL]	Rep. Robert Hurt [R-VA]	Rep. David Jolly [R-FL]
Rep. Peter King [R-NY]	Rep. Robert Latta [R-OH]	Sen. Ben Lujan [D-NM]	Rep. Kenny Marchant [R-TX]
Rep. Mike McIntyre [D-NC]	Rep. Grace Meng [D-NY]	Rep. Luke Messer [R-IN]	Rep. Mick Mulvaney [R-SC]
Rep. Patrick Murphy [D-FL]	Rep. Randy Neugebauer [R-TX]	Rep. Richard Nugent [R-FL]	Rep. Pete Olson [R-TX]
Rep. Scott Peters [D-CA]	Rep. Robert Pittenger [R-NC]	Rep. Ted Poe [R-TX]	Rep. Bill Posey [R-FL]
Rep. James Renacci [R-OH]	Rep. Cedric Richmond [D-LA]	Rep. Scott Rigell [R-VA]	Rep. Martha Roby [R-AL]
Rep. Dennis Ross [R-FL]	Rep. Keith Rothfus [R-PA]	Rep. Edward Royce [R-CA]	Rep. Aaron Schock [R-IL]
Rep. David Schweikert [R-AZ]	Rep. David Scott [D-GA]	Rep. Pete Sessions [R-TX]	Rep. Terri Sewell [D-AL]
Sen. Kyrsten Sinema [I-AZ]	Rep. Steve Southerland [R-FL]	Rep. Chris Stewart [R-UT]	Rep. Steve Stivers [R-OH]
Rep. Patrick Tiberi [R-OH]	Rep. Scott Tipton [R-CO]	Rep. Marc Veasey [D-TX]	Rep. Ann Wagner [R-MO]
Rep. Brad Wenstrup [R-OH]	Rep. Roger Williams [R-TX]	Rep. Frederica Wilson [D-FL]	Rep. Robert Wittman [R-VA]
Rep. Steve Womack [R-AR]	Rep. Ted Yoho [R-FL]

Date	Chamber	Action
2014-02-14	House	Referred to the House Committee on Financial Services.

HB3036 (Related) 2013-08-02 - Referred to the House Committee on Financial Services.
HB4532 (Related) 2014-04-30 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4060/all-info
Text	https://www.congress.gov/113/bills/hr4060/BILLS-113hr4060ih.pdf