SVB Act

Secure Viable Banking Act or the SVB Act

This bill increases the oversight of certain nonbank financial companies and bank holding companies by repealing Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174). (A nonbank financial company is a financial institution without a banking license that may be subject to supervision due to the company's size or risk profile. A bank holding company owns a controlling interest in one or more banks.)

Specifically, the bill decreases from $250 billion to $50 billion the asset threshold at which enhanced prudential standards become mandatory, thereby requiring more companies to comply with these standards. These standards include stress testing, leverage limits, liquidity requirements, and resolution plan requirements (i.e., living will requirements). Under current law, the Federal Reserve has the discretion to determine the applicability of these standards to bank holding companies with assets between $100 billion and $250 billion.

The bill also expands stress testing by

• increasing the number of board-run stress test scenarios from two to three;
• decreasing the asset threshold at which company-run stress tests are required from $250 billion to $10 billion; and
• requiring company-run stress tests to be performed annually or semiannually, depending on the amount of assets held.

The bill also decreases from $50 billion to $10 billion the asset threshold for mandatory risk committees.

Finally, the bill revises the supplemental leverage ratio applied to custodial banks and the asset treatment of certain municipal obligations.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1602 Introduced in House (IH)]

<DOC>






118th CONGRESS
  1st Session
                                H. R. 1602

   To repeal title IV of the Economic Growth, Regulatory Relief, and 
                        Consumer Protection Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 14, 2023

  Ms. Porter (for herself, Mr. McGovern, Mr. Johnson of Georgia, Mr. 
 Nadler, Mr. Evans, Mrs. Watson Coleman, Ms. McCollum, Ms. Schakowsky, 
Ms. Kaptur, Mr. Garcia of Illinois, Ms. Lee of California, Ms. Jayapal, 
  Mr. Lynch, Ms. Bonamici, Mr. Khanna, Mr. Larson of Connecticut, Mr. 
Takano, Mr. Gomez, Mr. Bowman, Mr. Swalwell, Mr. Pocan, Mr. Raskin, Ms. 
   Ocasio-Cortez, Mr. Blumenauer, Mr. Auchincloss, Ms. DeLauro, Ms. 
 Barragan, Mr. Garamendi, Ms. Pressley, Mr. Gallego, Ms. Bush, and Mr. 
 Robert Garcia of California) introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To repeal title IV of the Economic Growth, Regulatory Relief, and 
                        Consumer Protection Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Secure Viable Banking Act'' or the 
``SVB Act''.

SEC. 2. RESTORATION OF BANKING REGULATIONS.

    Title IV of the Economic Growth, Regulatory Relief, and Consumer 
Protection Act is repealed and the provisions of law amended by such 
title are revived or restored as if such title had not been enacted.
                                 <all>