HOUSE 3992118th CongressReferred to the House Committee on Financial Services.
Effective Bank Regulation Act
- Last Action
- 6/9/2023
Actions
- 2023-06-09Referred to the House Committee on Financial Services.
- 2023-06-09Introduced in House
- 2023-06-09Introduced in House
CRS Summary
As of 2023-06-09 (00)
Effective Bank Regulation Act
This bill requires the Board of Governors of the Federal Reserve System to test additional scenarios during annual stress tests. Specifically, when evaluating whether a nonbank financial company or bank holding company has the capital to absorb losses due to adverse economic conditions, the board must test for three additional scenarios, including scenarios that incorporate interest rate changes.
Sourced from Congress.gov (public domain).
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