Financial Regulatory Improvement Act of 2015

[AI summary unavailable — showing source text] Financial Regulatory Improvement Act of 2015 This bill amends financial regulatory requirements under the Gramm-Leach-Bliley Act, the Federal Home Loan Bank Act, the Riegle Community Development and Regulatory Improvement Act of 1994, the Truth in Lending Act, the Consumer Financial Protection Act of 2010, and the Federal Deposit Insurance Act (FDIA). The size of financial entities subject to regulatory oversight (including the examination and reporting threshold required in the Consumer Financial Protection Act of 2010, as well as the size of financial entities that may be exempt from clearing requirements under the Commodity Exchange Act [CEA] and the Securities Exchange Act [SEA]) shall be linked to changes in the gross domestic product. Bank holding companies whose total consolidated assets exceed $500 billion are deemed systemically important under the bill, and the Financial Stability Oversight Council must consider and reevaluate annually the degree to which such companies are already regulated by the appropriate primary financial regulatory agency. FDIA regulations governing the business of insurance shall now subject an insurance company that is a bank holding company and …