US Congress Senate Bill 1893 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 6-2)
Status: Introduced on September 28 2017 - 25% progression, died in committee
Action: 2017-09-28 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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.

Systemic Risk Designation Improvement Act of 2017

Sen. Claire McCaskill [D-MO]	Sen. David Perdue [R-GA]	Sen. Mike Rounds [R-SD]	Sen. Roy Blunt [R-MO]
Sen. Bill Nelson [D-FL]	Sen. Johnny Isakson [R-GA]	Sen. Luther Strange [R-AL]	Sen. Jeff Flake [R-AZ]

Date	Chamber	Action
2017-09-28	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB3312 (Same As) 2017-12-20 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1893/all-info
Text	https://www.congress.gov/115/bills/s1893/BILLS-115s1893is.pdf