H. Rept. 115-593 1 (2018-03-13)

handle is hein.congrecreports/crptxabcc0001 and id is 1 raw text is: AUTHENTICATEO

                    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


                                                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.-
                                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.


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