H. Rept. 115-423 1 (2017-11-28)

handle is hein.congrecreports/crptxaaus0001 and id is 1 raw text is: AUTHENTICATEO

                   115TH CONGRESS                                     REPORT
                      1st Session   HOUSE OF REPRESENTATIVES          115-423


                     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


                                            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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