HR 3992 · 118th Congress · Finance and Financial Sector

Effective Bank Regulation Act

Introduced 2023-06-09· Sponsored by Rep. Sherman, Brad [D-CA-32]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2023-06-09)

Plain Language Summary

[AI summary unavailable — showing source text] Effective Bank Regulation Act 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.…

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