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. Brett Guthrie
KY
2 Republican Yes
Rep. Luis V. Gutiérrez
IL
4 Democrat No
Rep. Colleen Hanabusa
HI
1 Democrat No
Rep. Karen Handel
GA
6 Republican Yes
Rep. Gregg Harper
MS
3 Republican Yes
Rep. Andy Harris
MD
1 Republican Yes
Rep. Vicky Hartzler
MO
4 Republican Yes
Rep. Alcee L. Hastings
FL
20 Democrat No
Rep. Denny Heck 10 Democrat No
Rep. Jeb Hensarling
TX
5 Republican Yes
Rep. Jaime Herrera Beutler 3 Republican Yes
Rep. Jody Hice
GA
10 Republican Yes
Rep. Brian Higgins
NY
26 Democrat No
Rep. Clay Higgins
LA
3 Republican Yes
Rep. French Hill
AR
2 Republican Yes
Rep. Jim Himes
CT
4 Democrat No
Rep. George Holding
NC
2 Republican Yes
Rep. Trey Hollingsworth
IN
9 Republican Yes
Rep. Steny H. Hoyer
MD
5 Democrat No
Rep. Richard Hudson
NC
9 Republican Yes