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U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 115-423
SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT OF
2017
NOVEMBER 28, 2017.-Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 3312]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3312) 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 pur-
poses, having considered the same, report favorably thereon with
an amendment and recommend that the bill as amended do pass.
The amendment (stated in terms of the page and line numbers
of the introduced bill) is as follows:
Page 11, line 3, strike 1-year and insert 18-month.
PURPOSE AND SUMMARY
Introduced by Representative Luetkemeyer on October 12, 2017,
H.R. 3312, the Systemic Risk Designation Improvement Act of
2017, amends Title I of the Dodd-Frank Wall Street Reform and
Consumer Protection Act to remove the $50 billion asset threshold
used to automatically designate certain financial institutions as
systemically important financial institutions and instead subjects
these financial institutions to enhanced regulatory standards based
on the institutions activities.
The bill also authorizes the Financial Stability Oversight Council
(FSOC) to subject a bank holding company to enhanced supervision
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