Bill Sponsor
Senate Bill 1893
115th Congress(2017-2018)
Systemic Risk Designation Improvement Act of 2017
Introduced
Introduced
Introduced in Senate on Sep 28, 2017
Overview
Text
Introduced
Sep 28, 2017
Latest Action
Sep 28, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1893
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Missouri
Republican
Arizona
Republican
Missouri
Republican
South Dakota
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Systemic Risk Designation Improvement Act of 2017

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.

The FRB must publish the list of companies that have been identified as requiring enhanced supervision.

Text (1)
September 28, 2017
Actions (2)
09/28/2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
09/28/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:38:32 PM