Bill > S5452

This bill updates and adjusts the financial asset size thresholds that determine which banks and financial companies are subject to enhanced federal regulations and oversight, generally raising these qualifying thresholds—such as increasing the primary threshold for major bank regulations from $250 billion to $370 billion—to account for economic changes since the passage of the Financial Stability Act of 2010 and the Economic Growth, Regulatory Relief, and Consumer Protection Act. Additionally, the legislation requires the Board of Governors of the Federal Reserve System, along with other key banking agencies, to conduct a study evaluating whether to use nominal Gross Domestic Product (GDP, a broad measure of a nation's total economic output) or the Consumer Price Index (CPI, a common measure of inflation tracking the change in prices of consumer goods and services) to automatically adjust these regulatory thresholds every five years. Under this new indexing system, the agencies must periodically review and update both statutory and rule-based thresholds to ensure they keep pace with inflation and economic growth over time, while reporting their findings and adjustments to relevant congressional committees.