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.
Vote result: Passed
YEAs: 245
NAYs: 174
Legislator | State Sort ascending | District | Party | Vote | |
---|---|---|---|---|---|
Rep. John J. Duncan Jr. | 2 | Republican | Yes | ||
Rep. Jim Cooper | 5 | Democrat | No | ||
Rep. Kristi Noem | At Large | Republican | Yes | ||
Rep. James E. Clyburn | 6 | Democrat | No | ||
Rep. Joe Wilson | 2 | Republican | Yes | ||
Rep. Ralph Norman | 5 | Republican | Yes | ||
Rep. Tom Rice | 7 | Republican | Yes | ||
Rep. Trey Gowdy | 4 | Republican | Yes | ||
Rep. Jeffrey Duncan | 3 | Republican | Yes | ||
Rep. Mark Sanford | 1 | Republican | Yes | ||
Rep. David Cicilline | 1 | Democrat | No | ||
Rep. Jim Langevin | 2 | Democrat | No | ||
Rep. Lou Barletta | 11 | Republican | Yes | ||
Rep. Lloyd Smucker | 11 | Republican | Yes | ||
Rep. Pat Meehan | 7 | Republican | Yes | ||
Rep. Mike Kelly | 16 | Republican | Yes | ||
Rep. Charlie Dent | 15 | Republican | Yes | ||
Rep. Keith Rothfus | 12 | Republican | Yes | ||
Rep. Scott Perry | 10 | Republican | Yes | ||
Rep. Robert A. Brady | 1 | Democrat | No |