The House recently passed a pair of bipartisan measures tweaking Federal Reserve stress tests and the process of determining which financial institutions should undergo the most rigorous testing.
H.R. 4061, otherwise known as the “Financial Stability Oversight Council Improvement Act,” and H.R. 4293, also known as the “Stress Test Improvement Act of 2017,” seek to address concerns expressed on both sides of the political aisle.
Find out more about more about what the two bills could mean for nonbank financial companies supervised by the Fed.