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. Mia Love
UT
4 Republican Yes
Rep. Alan Lowenthal
CA
47 Democrat No
Rep. Nita M. Lowey
NY
17 Democrat No
Rep. Frank D. Lucas
OK
3 Republican Yes
Rep. Blaine Luetkemeyer
MO
3 Republican Yes
Sen. Ben Ray Luján
NM
Democrat No
Rep. Michelle Lujan Grisham
NM
1 Democrat No
Rep. Stephen F. Lynch
MA
8 Democrat No
Rep. Tom MacArthur
NJ
3 Republican Yes
Rep. Sean Patrick Maloney
NY
18 Democrat No
Rep. Carolyn B. Maloney
NY
12 Democrat No
Rep. Kenny Marchant
TX
24 Republican Yes
Rep. Tom Marino
PA
12 Republican Yes
Sen. Roger Marshall
KS
Republican Yes
Rep. Thomas Massie
KY
4 Republican Yes
Rep. Brian Mast
FL
21 Republican Yes
Rep. Doris Matsui
CA
7 Democrat No
Rep. Kevin McCarthy
CA
20 Republican Yes
Rep. Michael McCaul
TX
10 Republican Yes
Rep. Tom McClintock
CA
5 Republican Yes