HR 3412 · 117th Congress · Finance and Financial Sector

Alleviating Stress Test Burdens To Help Investors Act

Introduced 2021-05-20· Sponsored by Rep. Loudermilk, Barry [R-GA-11]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2021-07-07)

Plain Language Summary

[AI summary unavailable — showing source text] Alleviating Stress Test Burdens To Help Investors Act This bill exempts certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests. These stress tests evaluate the ability of companies to absorb losses as a result of adverse economic conditions. However, the Securities and Exchange Commission and the Commodity Futures Trading Commission may require exempted financial companies under their regulatory authority to conduct stress tests.…

Summarized by Claude AI · Non-partisan · For informational purposes only