Systemic Risk Mitigation Act of 2020

Summary

Systemic Risk Mitigation Act of 2020 This bill automatically designates certain nonbank financial companies as systemically important, which subjects these companies to certain prudential standards, including capital and liquidity rules, annual stress tests, and living wills requirements. This designation may be rescinded by the Financial Stability Oversight Council upon further review. The bill provides the council with rulemaking authority regarding an activity or practice that increases risk to the financial system. The bill creates the Climate Change Subcommittee within the council to address the risk climate change poses to the financial system. The bill also revises administrative provisions of the council, including those regarding staffing, funding, and meetings.

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Timeline

1. 14 April 2020

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 14 April 2020

   Introduced

   Sponsor introductory remarks on measure. (CR E364-365)

   Source: IntroReferral

3. 14 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 April 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 April 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 April 2020

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 14 April 2020

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. García, Jesús G. "Chuy" [D-IL-4] · D · Sponsor
• Rep. Porter, Katie [D-CA-47] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• Rep. Jayapal, Pramila [D-WA-7] · D · Cosponsor
• Rep. Ocasio-Cortez, Alexandria [D-NY-14] · D · Cosponsor
• Rep. Levin, Mike [D-CA-49] · D · Cosponsor
• · hsba00 · Standing

Related records

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