Systemic Risk Designation Improvement Act of 2016

Summary

Systemic Risk Designation Improvement Act of 2016 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to authorize the Financial Stability Oversight Council (FSOC) to subject a bank holding company to enhanced supervision and prudential standards by the Board of Governors of the Federal Reserve System if FSOC makes a final determination that 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. This FSOC determination procedure replaces the current process under which bank holding companies with total consolidated assets of $50 billion or more are automatically subject to such enhanced supervision and prudential standards. FSOC's determination must be based upon specified factors, using an indicator-based measurement approach established by the Basel Committee on Banking Supervision to determine systemic importance. A bank holding company designated as a Global Systemically Important Bank by the Financial Stability Board, as of this bill's enactment, shall be deemed 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.

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Timeline

1. 22 November 2016

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 22 November 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 November 2016

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 November 2016

   Reported

   Rules Committee Resolution H. Res. 934 Reported to House. Rule provides for consideration of H.R. 34 and H.R. 6392. Providing for consideration for the Senate amendment to H.R. 34 and for consideration of H.R. 6392.

   Source: Floor

5. 30 November 2016

   Passed

   Rule H. Res. 934 passed House.

   Source: Floor

6. 1 December 2016

   Floor

   Considered under the provisions of rule H. Res. 934. (consideration: CR H7074-7086)

   Source: Floor

7. 1 December 2016

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

8. 1 December 2016

   Vote

   On passage Passed by the Yeas and Nays: 254 - 161 (Roll no. 599). (text: CR H7074-7075)

   Source: Floor

9. 1 December 2016

   Vote

   Passed/agreed to in House: On passage Passed by the Yeas and Nays: 254 - 161 (Roll no. 599).(text: CR H7074-7075)

   Source: Floor

10. 1 December 2016

    Vote

    On motion to recommit with instructions Failed by the Yeas and Nays: 178 - 236 (Roll no. 598).

    Source: Floor

11. 1 December 2016

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H7086)

    Source: Floor

12. 1 December 2016

    Floor

    Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H7084; text: CR H7084)

    Source: Floor

13. 1 December 2016

    Passed

    ORDER OF PROCEDURE - Mr. Hensarling asked unanimous consent that the question of adopting a motion to recommit on H.R. 6392 be subject to postponement as though under Clause 8 of Rule 20. Agreed to without objection.

    Source: Floor

14. 5 December 2016

    Introduced

    Received in the Senate.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Received in Senate · 5 December 2016 · Download file
• Engrossed in House · 1 December 2016 · Download file
• Introduced in House · 22 November 2016 · Download file

Documents

8 official files

• Received in Senate (text)

  Received in Senate · EN · 5 December 2016

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• Received in Senate (PDF)

  Received in Senate · EN · 5 December 2016

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• Engrossed in House (text)

  Engrossed in House · EN · 1 December 2016

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• Engrossed in House (PDF)

  Engrossed in House · EN · 1 December 2016

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• Passed House amended

  summary · EN · 1 December 2016

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• Introduced in House (text)

  Introduced in House · EN · 22 November 2016

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• Introduced in House (PDF)

  Introduced in House · EN · 22 November 2016

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• Introduced in House

  summary · EN · 22 November 2016

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Sponsors

• Rep. Luetkemeyer, Blaine [R-MO-3] · R · Sponsor
• Rep. Murphy, Patrick [D-FL-18] · D · Cosponsor
• Sen. Sinema, Kyrsten [I-AZ] · D · Cosponsor
• Rep. Sewell, Terri A. [D-AL-7] · D · Cosponsor
• David Scott · D · Cosponsor
• Rep. Williams, Roger [R-TX-25] · R · Cosponsor
• Rep. Stivers, Steve [R-OH-15] · R · Cosponsor
• Rep. Hill, J. French [R-AR-2] · R · Cosponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. Love, Mia B. [R-UT-4] · R · Cosponsor
• · hsba00 · Standing

Related records

• related to → Systemic Risk Designation Improvement Act of 2015
• related to → Systemic Risk Designation Improvement Act of 2016
• related to → Providing for consideration of the Senate amendment to the bill (H.R. 34) to authorize and strengthen the tsunami detection, forecast, warning, research, and mitigation program of the National Oceanic and Atmospheric Administration, and for other purposes, and providing for consideration of the bill (H.R. 6392) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision, and for other purposes.
• related to → Systemic Risk Designation Improvement Act of 2016
• amends ← Amendment prevents the Federal Reserve and the Treasury from implementing new regulations proposed by an international entity, whether coming from the Basel Commission or from the Financial Stability Board.