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H.R. 4060: Systemic Risk Designation Improvement Act of 2014

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H.R. 4060: Systemic Risk Designation Improvement Act of 2014

113th Congress · introduced 2014-02-14 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2014-02-14 · official record
  2. Who proposed it: Rep. Luetkemeyer, Blaine [R-MO-3] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Systemic Risk Designation Improvement Act of 2014

Plain summary

Systemic Risk Designation Improvement Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to authorize the Financial Stability Oversight Council to determine that a bank holding company shall be subject to enhanced supervision and prudential standards by the Board of Governors of the Federal Reserve System, if the Council makes a final determination that material financial distress at the bank holding company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of its activities, could threaten the financial stability of the United States. Requires that final determination to be based upon specified factors using an indicator-based measurement approach established by the Basel Committee on Banking Supervision to determine systemic importance. Exempts from any Council determination to subject a bank holding company to enhanced supervision and prudential standards a bank holding company with total consolidated assets of $50 billion or less. Prohibits the Council, before the effective date of this Act, from making a final determination concerning any material financial distress of a bank holding company identified by the Financial Stability Board as a Global Systemically Important Financial Institution.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Systemic Risk Designation Improvement Act of 2014

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] · 81 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Terri A. Sewell (D-AL), Andy Barr (R-KY), Pete Sessions (R-TX), Mario Diaz-Balart (R-FL), Scott DesJarlais (R-TN), Robert B. Aderholt (R-AL), Charles J. "Chuck" Fleischmann (R-TN), Gus M. Bilirakis (R-FL), Marc A. Veasey (D-TX), Bill Huizenga (R-MI), Ann Wagner (R-MO), David Schweikert (R-AZ), Lois Frankel (D-FL), Grace Meng (D-NY), Robert E. Latta (R-OH), Robert J. Wittman (R-VA), Frederica S. Wilson (D-FL), Emanuel Cleaver (D-MO) and 21 more.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Authorization
A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-hr4060 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113