This bill closes a regulatory loophole by requiring large banks that operate without a bank holding company structure to follow the same strict safety and supervision rules as large bank holding companies. Currently, some large banks avoid enhanced oversight by not organizing under a holding company, even though they pose similar financial risks. The legislation amends the 2010 financial reform law to apply these strengthened prudential standards—which include stress tests, capital requirements, and other safeguards—to any bank with assets comparable to large bank holding companies, regardless of their corporate structure. The bill affects primarily large independent banks and aims to ensure consistent regulatory treatment across the banking industry. No specific funding amounts or implementation timelines are included in the bill text.
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