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. Anna G. Eshoo
CA
16 Democrat No
Rep. Adriano Espaillat
NY
13 Democrat No
Rep. Ron Estes
KS
4 Republican Yes
Rep. Elizabeth Esty
CT
5 Democrat No
Rep. Dwight Evans
PA
3 Democrat No
Rep. John Faso
NY
19 Republican Yes
Rep. A. Drew Ferguson
GA
3 Republican Yes
Rep. Brian Fitzpatrick
PA
1 Republican Yes
Rep. Chuck Fleischmann
TN
3 Republican Yes
Rep. Bill Flores
TX
17 Republican Yes
Rep. Jeff Fortenberry
NE
1 Republican Yes
Rep. Bill Foster
IL
11 Democrat No
Rep. Virginia Foxx
NC
5 Republican Yes
Rep. Lois Frankel
FL
22 Democrat Not Voting
Rep. Rodney Frelinghuysen
NJ
11 Republican Yes
Rep. Marcia L. Fudge
OH
11 Democrat No
Rep. Tulsi Gabbard
HI
2 Democrat No
Rep. Matt Gaetz
FL
1 Republican Yes
Rep. Mike Gallagher
WI
8 Republican Yes
Rep. Ruben Gallego
AZ
3 Democrat No