118th Congress · HOUSE BILLBILL

H.R. 3992 — Effective Bank Regulation Act

“To amend the Financial Stability Act of 2010 to require stress tests performed pursuant to that Act to evaluate for the increase and decrease of interest rates, and for other purposes.”

Finance and financial sector

Introduced Jun 9, 2023

Last action Jun 9, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 9, 2023

Step 2

Referred

Jun 9, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the Board of Governors of the Federal Reserve System to test additional scenarios during annual stress tests. Specifically, when evaluating whether a nonbank financial company or bank holding company has the capital to absorb losses due to adverse economic conditions, the board must test for three additional scenarios, including scenarios that incorporate interest rate changes.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jun 9, 2023

Introduced in House

Jun 9, 2023

Referred to the House Committee on Financial Services.