H.R. 1309: Systemic Risk Designation Improvement Act of 2015

114th Congress · introduced 2015-03-04 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 584.

federal

Follow this bill, step by step

Where it came from: introduced 2015-03-04 · official record
Who proposed it: Rep. Luetkemeyer, Blaine [R-MO-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Placed on the Union Calendar, Calendar No. 584. Not final yet: this can still change. We check for updates every day.
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 2015

Plain summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Systemic Risk Designation Improvement Act of 2015 (Sec. 3) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to authorize the Financial Stability Oversight Council (FSOC) to subject a bank holding company to enhanced supervision and prudential standards by the Board of Governors of the Federal Reserve System if the FSOC 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. This FSOC determination procedure replaces the current process under which bank holding companies with total consolidated assets of $50 billion or more are automatically subject to such enhanced supervision and prudential standards. The FSOC must make these final determinations using an indicator-based measurement approach established by the Basel Committee on Banking Supervision to determine systemic importance, which considers each bank holding company's size, interconnectedness, available substitutes, global cross-jurisdictional activity, and complexity. A bank holding company designated, as of this bill's enactment, as a Global Systemically Important Bank (GSIB) by the Financial Stability Board shall be deemed to have been the subject of a final determination that it could pose a threat to U.S. financial stability, thereby making these GSIBs subject to enhanced supervision. (Sec. 4) The bill revises the Federal Reserve Board's authority over bank holding company acquisition restrictions, prohibitions on interlocks between management of different financial companies, and enhanced supervision and prudential standards to make these requirements subject to FSOC's determination instead of operating automatically when a bank meets a $50 billion threshold. (Sec. 5) The FSOC is prohibited from making a final determination concerning a bank holding company under this bill before one year after its enactment. A bank holding company shall be deemed to have been the subject of such a final determination during this one-year period, however, if its total consolidated assets are $50 billion or more.

Congressional Research Service summary (Reported to House without amendment), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Systemic Risk Designation Improvement Act of 2015

Source: Congressional Research Service summary (Reported to House without amendment)

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

Officials and money

Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] · 135 cosponsors

Cost estimate: CBO cost estimate: H.R. 1309, Systemic Risk Designation Improvement Act of 2015 (2016-05-31)

Cosponsors on this site

Roger Williams (R-TX), Terri A. Sewell (D-AL), J. French Hill (R-AR), David Schweikert (R-AZ), Pete Sessions (R-TX), Bill Huizenga (R-MI), Andy Barr (R-KY), Vern Buchanan (R-FL), Mike Rogers (R-AL), Brian Babin (R-TX), Grace Meng (D-NY), Daniel Webster (R-FL), Charles J. "Chuck" Fleischmann (R-TN), Earl L. "Buddy" Carter (R-GA), Joyce Beatty (D-OH), Emanuel Cleaver (D-MO), Ann Wagner (R-MO), Frederica S. Wilson (D-FL), Eric A. "Rick" Crawford (R-AR), Scott H. Peters (D-CA) and 75 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 (2)

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.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House without amendment)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr1309.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>

Record fed-us-cong114-hr1309 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114