The House’s recent passage of H.R. 3312, the Systemic Risk Designation Improvement Act, has drawn support from some in the financial industry who long have championed rethinking the process for designating institutions as systemically-important.
The legislation, which passed with bipartisan support, goes a step further than the Senate’s regulatory relief plan, which also proposes to amend the process.
Learn more about what the legislation proposes to do and what the industry and members of Congress have to say.