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 Garamendi
CA
8 Democrat No
Rep. Thomas Garrett
VA
5 Republican Yes
Rep. Greg Gianforte
MT
At Large Republican Yes
Rep. Bob Gibbs
OH
7 Republican Yes
Rep. Louie Gohmert
TX
1 Republican Yes
Rep. Jimmy Gomez
CA
34 Democrat No
Rep. Vicente Gonzalez
TX
34 Democrat No
Rep. Robert W. Goodlatte
VA
6 Republican Yes
Rep. Paul Gosar
AZ
9 Republican Yes
Rep. Josh Gottheimer
NJ
5 Democrat Yes
Rep. Trey Gowdy
SC
4 Republican Yes
Rep. Kay Granger
TX
12 Republican Yes
Rep. Sam Graves
MO
6 Republican Yes
Rep. Garret Graves
LA
6 Republican Yes
Rep. Tom Graves
GA
14 Republican Yes
Rep. Gene Green
TX
29 Democrat No
Rep. Al Green
TX
9 Democrat No
Rep. Morgan Griffith
VA
9 Republican Yes
Rep. Raúl M. Grijalva
AZ
7 Democrat No
Rep. Glenn Grothman
WI
6 Republican Yes