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S. 5004

BillFederalSenateIntroduced
To amend the Financial Stability Act of 2010 to provide relief to nonbanks from certain stress test requirements under that Act.
About This Bill
Introduced
Congress
117th (2021–2023)
Introduced
September 29, 2022
Cosponsors (1)
1D 0R
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Summary

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Alleviating Stress Test Burdens To Help Investors Act This bill exempts certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests. These stress tests evaluate the ability of companies to absorb losses as a result of adverse economic conditions. However, the Securities and Exchange Commission and the Commodity Futures Trading Commission may require exempted financial companies under their regulatory authority to conduct stress tests.

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