Subsidy Reserve Act of 2015

Summary

Subsidy Reserve Act of 2015 Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to require a nonbank financial company supervised by the Board of Governors of the Federal Reserve and each bank holding company with total consolidated assets of $500 billion or more to establish and maintain a Subsidy Reserve. Instructs the Board to: establish a formula for determining the financial benefit received by such companies as a result of the expectations on the part of their shareholders, creditors, and counterparties that the government will shield them from losses in the event of their failure; require them to apply the formula annually to their annual financial statement; and maintain the resulting amount in their Subsidy Reserve, in addition to any such previous amounts. Prohibits a decrease in the amount of funds in the Subsidy Reserve unless a company makes a sale of assets, spins off a subsidiary, or makes a similar divestiture. Permits the decrease only in an amount that reflects the amount of such sale, spin off, or similar divestiture, either on a pro-rata basis or according to the risk weighting of the property sold, spun off, or divested. Permits amounts in the Subsidy Reserve to be taken into account when determining the companies' capital for purposes of meeting any regulatory capital requirements.

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Timeline

1. 11 February 2015

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 11 February 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 February 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 February 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 February 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 February 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 11 February 2015

  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. Capuano, Michael E. [D-MA-8] · D · Sponsor
• Rep. Hinojosa, Ruben [D-TX-15] · D · Cosponsor
• Rep. Ellison, Keith [D-MN-5] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → Subsidy Reserve Act of 2017