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United States · Bill · HR

H.R. 1309 (114th)

Systemic Risk Designation Improvement Act of 2015

openUnited States· United States Congress· EN

Introduced

4 March 2015

Last action

19 September 2016 · Reported

Status

Placed on the Union Calendar, Calendar No. 584.

Sponsors

Blaine Luetkemeyer, Steve Stivers, Rep. Williams, Roger [R-TX-25], Rep. Murphy, Patrick [D-FL-18], Rep. Sewell, Terri A. [D-AL-7], David Scott, Kyrsten Sinema, J. Hill, David Schweikert, Martha Roby, Blake Farenthold, Rep. Fincher, Stephen Lee [R-TN-8], Bill Posey, Pete Sessions, Mia Love, Bradley Byrne, Bill Huizenga, Mick Mulvaney, Mo Brooks, Ted Poe, LAMAR SMITH, Scott Tipton, Pete Olson, Andy Barr, Robert Pittenger, Carlos Curbelo, Luke Messer, Ralph Abraham, Vern Buchanan, Cedric Richmond, Gregg Harper, Filemon Vela, ALCEE HASTINGS, Mike Rogers, Rep. Dold, Robert J. [R-IL-10], Rep. Hurt, Robert [R-VA-5], Brian Babin, Rep. Graham, Gwen [D-FL-2], Rep. Meng, Grace [D-NY-6], PETER KING, Daniel Webster, Bruce Poliquin, Charles Fleischmann, Dennis Ross, Rep. Westmoreland, Lynn A. [R-GA-3], Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. Beatty, Joyce [D-OH-3], Emanuel Cleaver

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

Summary

Systemic Risk Designation Improvement Act of 2015 Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to authorize the Financial Stability Oversight Council to subject a bank holding company to enhanced supervision and prudential standards by the Board of Governors of the Federal Reserve System, if the Council makes a final determination that either material financial distress at the bank holding company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of its activities, could threaten the financial stability of the United States. Requires that final determination to be based upon specified factors, using an indicator-based measurement approach established by the Basel Committee on Banking Supervision to determine systemic importance. Deems any bank holding company designated as a Global Systemically Important Bank by the Financial Stability Board, as of the date of enactment of this Act, to have been the subject of a final determination that it could pose a threat to U.S. financial stability for any of those reasons. Prohibits the Council from making a final determination concerning a bank holding company under this Act before one year after its enactment. Deems a bank holding company to have been the subject of such a final determination during this one-year period, however, if its total consolidated assets are $50 billion or more.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 March 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 4 March 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 March 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  5. 4 November 2015

    Vote

    Ordered to be Reported by the Yeas and Nays: 39 - 16.

    Source: Committee

  6. 4 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  7. 19 September 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 584.

    Source: Calendars

  8. 19 September 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-752.

    Source: Committee

  9. 19 September 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-752.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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Sponsors

Showing 48 of 137 sponsors and actors.

Related records

Sources

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