Bill > HR4062

This bill amends the Financial Stability Act of 2010 to require certain large banking institutions, including those without a bank holding company and with at least $50 billion in total consolidated assets, to have a Chief Risk Officer. The Chief Risk Officer would be responsible for overseeing risk management, implementing risk control policies and procedures, and reporting risk management deficiencies and emerging risks to the company's risk committee and CEO. The bill also includes provisions related to notifying regulators and the public about vacancies in the Chief Risk Officer position, and restrictions on asset growth if a vacancy is not filled within 60 days.