Bill > HR7888

This bill, titled the "Closing the Enhanced Prudential Standards Loophole Act," amends the Financial Stability Act of 2010 to ensure that large banks that do not have a bank holding company are subject to the same strict oversight and financial safety rules, known as enhanced supervision and prudential standards, as bank holding companies. Essentially, it closes a gap by applying these important regulations to these specific types of large banks, regardless of their corporate structure, ensuring a more consistent level of financial stability across the banking system.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7888/all-info