H.R. 7888 — Closing the Enhanced Prudential Standards Loophole Act

This section extends enhanced prudential standards to banks without a bank holding company, applying them to the same extent as to bank holding companies with equivalent total consolidated assets (generally $250 billion or more, and potentially $100 billion or more to address risks to financial stability or safety and soundness). (As background, these standards, which increase in stringency based on factors such as capital structure, riskiness, complexity, size, and financial activities, aim to prevent or mitigate risks to U.S. financial stability from material distress or failure of large, interconnected institutions.)