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 | District | Party Sort descending | Vote | |
---|---|---|---|---|---|
Rep. A. Donald McEachin | 4 | Democrat | No | ||
Rep. Mike Quigley | 5 | Democrat | No | ||
Rep. Lisa Blunt Rochester | At Large | Democrat | No | ||
Rep. Barbara Lee | 12 | Democrat | No | ||
Rep. Tulsi Gabbard | 2 | Democrat | No | ||
Rep. Linda T. Sánchez | 38 | Democrat | No | ||
Rep. Betty McCollum | 4 | Democrat | No | ||
Rep. Denny Heck | 10 | Democrat | No | ||
Rep. David E. Price | 4 | Democrat | No | ||
Rep. Earl Blumenauer | 3 | Democrat | No | ||
Rep. Al Lawson | 5 | Democrat | No | ||
Rep. Justin Amash | 3 | Independent Independent | Yes | ||
Sen. Kyrsten Sinema | ID ID | Yes | |||
Rep. John Curtis | 3 | Republican | Yes | ||
Rep. Lee Zeldin | 1 | Republican | Yes | ||
Rep. Pete Olson | 22 | Republican | Yes | ||
Rep. Charlie Dent | 15 | Republican | Yes | ||
Rep. Steven J. Chabot | 1 | Republican | Yes | ||
Rep. Tom McClintock | 5 | Republican | Yes | ||
Rep. Bill Posey | 8 | Republican | Yes |