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. John Katko
NY
24 Republican Yes
Rep. Bill Keating
MA
9 Democrat No
Rep. Mike Kelly
PA
16 Republican Yes
Rep. Trent Kelly
MS
1 Republican Yes
Rep. Robin Kelly
IL
2 Democrat No
Rep. Joseph P. Kennedy III
MA
4 Democrat No
Rep. Ro Khanna
CA
17 Democrat No
Rep. Ruben Kihuen
NV
4 Democrat No
Rep. Dan Kildee
MI
8 Democrat No
Rep. Derek Kilmer 6 Democrat No
Rep. Ron Kind
WI
3 Democrat No
Rep. Peter T. King
NY
2 Republican Yes
Rep. Steve King
IA
4 Republican Yes
Rep. Adam Kinzinger
IL
16 Republican Yes
Rep. Steve Knight
CA
25 Republican Yes
Rep. Raja Krishnamoorthi
IL
8 Democrat No
Rep. Ann McLane Kuster
NH
2 Democrat No
Rep. David Kustoff
TN
8 Republican Yes
Rep. Raúl Labrador
ID
1 Republican Yes
Rep. Darin M. LaHood
IL
16 Republican Yes