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117TH CONGRESS
1ST SESSION H. R. 3412
To amend the Dodd-Frank Wall Street Reform and Consumer Protection
Act to provide relief to nonbanks from certain stress test requirements
under such Act.
IN THE HOUSE OF REPRESENTATIVES
MAY 20, 2021
Mr. LOUDERMILK introduced the following bill; which was referred to the
Committee on Financial Services, and in addition to the Committee on
Agriculture, for a period to be subsequently determined by the Speaker,
in each case for consideration of such provisions as fall within the juris-
diction of the committee concerned
A BILL
To amend the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act to provide relief to nonbanks from
certain stress test requirements under such Act.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Alleviating Stress Test
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Burdens To Help Investors Act’’.
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•HR 3412 IH
SEC. 2. STRESS TEST RELIEF FOR NONBANKS.
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Section 165(i)(2) of the Dodd-Frank Wall Street Re-
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form and Consumer Protection Act (12 U.S.C. 5365(i)(2))
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is amended—
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(1) in subparagraph (A), by striking ‘‘are regu-
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lated by a primary Federal financial regulatory
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agency’’ and inserting: ‘‘whose primary financial reg-
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ulatory agency is a Federal banking agency or the
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Federal Housing Finance Agency’’;
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(2) in subparagraph (C), by striking ‘‘Each
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Federal primary financial regulatory agency’’ and
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inserting ‘‘Each Federal banking agency and the
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Federal Housing Finance Agency’’; and
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(3) by adding at the end the following:
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‘‘(D) SEC AND CFTC.—The Securities and
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Exchange Commission and the Commodity Fu-
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tures Trading Commission may each issue regu-
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lations requiring financial companies with re-
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spect to which they are the primary financial
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regulatory agency to conduct periodic analyses
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of the financial condition, including available li-
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quidity, of such companies under adverse eco-
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nomic conditions.’’.
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