H.R. 4292 — 115th Congress
Financial Institution Living Will Improvement Act of 2017
Sponsor
More bills from this sponsor
115th Congress| Measure | Title |
|---|---|
| H.R. 4293 · Finance and Financial Sector | Stress Test Improvement Act of 2017 |
Latest action
Feb 5, 2018Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS summary
As of Jan 30, 2018Passed House amended
Financial Institution Living Will Improvement Act of 2017
(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to establish the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so once every two years. (Current regulations generally require annual submission of plans.)
The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
1 on recordJan 30, 2018 · On Motion to Suspend the Rules and Pass, as Amended
Full roll callYea — 414: 229 R · 182 D · 2 I · 1 L
Not Voting — 16: 10 D · 6 R
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