Stress Test Improvement Act

Apr. 11, 2018 | H.R. 4293

The misnamed bill would significantly weaken stress testing by preventing regulators from assessing the capacity of big banks to perform adequate data analysis or risk management as part of the stress testing process. Specifically, the bill would ban the Federal Reserve from assessing the capacity of big banks to perform crucial data management and risk assessment tasks as part of the stress testing process. H.R. 4293 would undermine the effectiveness of stress testing for the largest and most complex banks and cut the frequency of stress tests in half. If enacted this bill has the potential to unravel the regulatory system aimed at preventing the need for future bailouts of “too-big-to-fail” financial institutions. The bill passed the House on April 11, 2018, and referred to the Senate Banking Committee.

This is Bad for working people.

Vote result: Passed

YEAs: 245
NAYs: 174

Legislator Sort descending State District Party Vote
Rep. Ralph Abraham
LA
5 Republican Yes
Rep. Alma Adams
NC
12 Democrat No
Rep. Robert B. Aderholt
AL
4 Republican Yes
Rep. Pete Aguilar
CA
31 Democrat No
Rep. Rick Allen
GA
12 Republican Yes
Rep. Justin Amash
MI
3 Republican Yes
Rep. Mark Amodei
NV
2 Republican Yes
Rep. Jodey Arrington
TX
19 Republican Yes
Rep. Brian Babin
TX
36 Republican Yes
Rep. Don Bacon
NE
2 Republican Yes
Rep. Jim Banks
IN
3 Republican Yes
Rep. Lou Barletta
PA
11 Republican Yes
Rep. Andy Barr
KY
6 Republican Yes
Rep. Nanette Barragán
CA
44 Democrat No
Rep. Joe L. Barton
TX
6 Republican Yes
Rep. Karen Bass
CA
37 Democrat No
Rep. Joyce Beatty
OH
3 Democrat Yes
Rep. Ami Bera
CA
7 Democrat No
Rep. Jack Bergman
MI
1 Republican Yes
Rep. Donald Beyer
VA
8 Democrat No