G:\CMTE\RU\15\RCP\RCP4566_2.XMLXXXXXXXXXXXXXXXXXXX3/13/2018 16:57XXXXXXXX03/13/2018 16:51XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 688238|2 [Discussion Draft] [Discussion Draft] March 14, 2018 115th CONGRESS 2d Session Rules Committee Print 115–65 Text of H.R. 4566, Alleviating Stress Test Burdens to Help Investors Act [Showing the text of H.R. 4566 as ordered reported by the Committee on Financial Services.]

1.

Short title

This Act may be cited as the Alleviating Stress Test Burdens to Help Investors Act.

2.

Stress test relief for nonbanks

Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5365(i)) is amended— (1)in paragraph (1)(B)(ii), by striking and nonbank financial companies; and (2)in paragraph (2)— (A)in subparagraph (A), by striking are regulated by a primary Federal financial regulatory agency and inserting: whose primary financial regulatory agency is a Federal banking agency or the Federal Housing Finance Agency; (B)in subparagraph (C), by striking Each Federal primary financial regulatory agency and inserting Each Federal banking agency and the Federal Housing Finance Agency; and (C)by adding at the end the following: (D)

SEC and CFTC

The Securities and Exchange Commission and the Commodity Futures Trading Commission may each issue regulations requiring financial companies with respect to which they are the primary financial regulatory agency and that have total consolidated assets of more than $10,000,000,000 to conduct periodic analyses of the financial condition, including available liquidity, of such companies under adverse economic conditions..

3.

Rule of construction

Nothing in this Act shall be construed to limit the authority of the Financial Stability Oversight Council under section 120 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5330).