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. Kathleen Rice
NY
4 Democrat No
Rep. Cedric Richmond
LA
2 Democrat No
Rep. Martha Roby
AL
2 Republican Yes
Rep. Phil Roe
TN
1 Republican Yes
Rep. Harold Rogers
KY
5 Republican Yes
Rep. Mike D. Rogers
AL
3 Republican Yes
Rep. Dana Rohrabacher
CA
48 Republican Yes
Rep. Todd Rokita
IN
4 Republican Yes
Rep. Tom Rooney
FL
17 Republican Not Voting
Rep. Francis Rooney
FL
19 Republican Yes
Rep. Ileana Ros-Lehtinen
FL
27 Republican Yes
Sen. Jacky Rosen
NV
Democrat No
Rep. Peter Roskam
IL
6 Republican Yes
Rep. Dennis Ross
FL
15 Republican Yes
Rep. Keith Rothfus
PA
12 Republican Yes
Rep. David Rouzer
NC
7 Republican Yes
Rep. Lucille Roybal-Allard
CA
40 Democrat No
Rep. Edward Royce
CA
39 Republican Yes
Rep. Raul Ruiz
CA
25 Democrat No
Rep. C.A. Dutch Ruppersberger
MD
2 Democrat No