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![handle is hein.congrecreports/crptxabcc0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
GP
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-593
STRESS TEST IMPROVEMENT ACT OF 2017
MARCH 13, 2018.-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. 4293]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4293) to reform the Comprehensive Capital Analysis and
Review process, the Dodd-Frank Act Stress Test process, and for
other purposes, having considered the same, report favorably there-
on with an amendment and recommend that the bill as amended
do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Stress Test Improvement Act of 2017.
SEC. 2. CCAR AND DFAST REFORMS.
Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection
Act (12 U.S.C. 5365(i)) is amended-
(1) in paragraph (1)-
(A) in subparagraph (B)(i)-
(i) by striking 3 different and inserting 2 different; and
(ii) by striking , adverse,; and
(B) by adding at the end the following:
(C) CCAR REQUIREMENTS.-
(i) LIMITATION ON QUALITATIVE CAPITAL PLANNING OBJECTIONS.-In
carrying out CCAR, the Board of Governors may not object to a com-
pany's capital plan on the basis of qualitative deficiencies in the com-
pany's capital planning process.
79-006](ViewImageLocal?handle=hein.congrecreports/crptxabcc0001&div=1&collection=&method=preview&ext=.png&size=3)