Bill > HR3312

Introduced Session

Systemic Risk Designation Improvement Act of 2017 (Sec. 2) 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. (Sec. 3) The FRB must publish the list of companies that have been identified as requiring enhanced supervision. (Sec. 5) The bill provides for the temporary extension of fees and assessments collected from specified bank holding companies under current law, and includes a limit on the total amount collected under the extension.

AI Summary

Committee Categories

Blaine Luetkemeyer (R)*,  Andy Barr (R),  Joyce Beatty (D),  Lisa Blunt Rochester (D),  Mo Brooks (R),  Susan Brooks (R),  Vern Buchanan (R),  Larry Bucshon (R),  Ted Budd (R),  John Carter (R),  Mike Coffman (R),  Jim Cooper (D),  Carlos Curbelo (R),  Scott DesJarlais (R),  Neal Dunn (R),  Tom Emmer (R),  Brian Fitzpatrick (R),  Chuck Fleischmann (R),  Paul Gosar (R),  Josh Gottheimer (D),  Tom Graves (R),  Alcee Hastings (D),  Brian Higgins (D),  French Hill (R),  Trey Hollingsworth (R),  Randy Hultgren (R),  Sheila Jackson-Lee (D),  Lynn Jenkins (R),  Sam Johnson (R),  Robin Kelly (D),  Peter King (R),  David Kustoff (R),  Barry Loudermilk (R),  Mia Love (R),  Kenny Marchant (R),  Roger Marshall (R),  Brian Mast (R),  Mark Meadows (R),  Gregory Meeks (D),  Luke Messer (R),  Stephanie Murphy (D),  Ralph Norman (R),  Erik Paulsen (R),  Stevan Pearce (R),  Scott Peters (D),  Robert Pittenger (R),  Ted Poe (R),  Bill Posey (R),  John Ratcliffe (R),  Francis Rooney (R),  Ileana Ros-Lehtinen (R),  Dennis Ross (R),  Keith Rothfus (R),  John Rutherford (R),  Brad Schneider (D),  David Schweikert (R),  David Scott (D),  Pete Sessions (R),  Terri Sewell (D),  Kyrsten Sinema (I),  Jason Smith (R),  Steve Stivers (R),  Scott Tipton (R),  Marc Veasey (D),  Ann Wagner (R),  Mark Walker (R),  Jackie Walorski (R),  Daniel Webster (R),  Roger Williams (R),  Ted Yoho (R), 

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

Official Document