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118TH CONGRESS
1ST SESSION H. R. 4210
To amend the Financial Stability Act of 2010 to apply the enhanced super-
vision and prudential standards applicable under such Act with respect
to bank holding companies to large banks that do not have a bank
holding company, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JUNE 20, 2023
Ms. WATERS (for herself, Ms. VELA´ZQUEZ, Mr. SHERMAN, Mr. GREEN of
Texas, Mr. CLEAVER, Mrs. BEATTY, Mr. VARGAS, Ms. GARCIA of Texas,
and Ms. TLAIB) introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To amend the Financial Stability Act of 2010 to apply
the enhanced supervision and prudential standards appli-
cable under such Act with respect to bank holding com-
panies to large banks that do not have a bank holding
company, and for other purposes.
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 ‘‘Closing the Enhanced
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Prudential Standards Loophole Act’’.
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•HR 4210 IH
SEC. 2. ENHANCED SUPERVISION AND PRUDENTIAL STAND-
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ARDS FOR BANKS WITH NO BANK HOLDING
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COMPANY.
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Section 165 of the Financial Stability Act of 2010
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(12 U.S.C. 5365) is amended by adding at the end the
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following:
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‘‘(l) APPLICATION TO BANKS WITH NO BANK HOLD-
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ING COMPANY.—The provisions of this section shall apply
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to a bank that does not have a bank holding company to
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the same extent as such provisions apply to a bank holding
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company with the same amount of total consolidated as-
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sets as the bank.’’.
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