Sec. 5. Requirements for stress tests and supervisory letters for the Board of Governors of the Federal Reserve System
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Section 165(i)(1)(B) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5365(i)(1)(B) ) is amended— by amending clause
(i)to read as follows: shall— issue regulations, after providing for public notice and comment, that provide for at least 3 different sets of conditions under which the evaluation required by this subsection shall be conducted, including baseline, adverse, and severely adverse, and methodologies, including models used to estimate losses on certain assets; and provide copies of such regulations to the Comptroller General of the United States and the Panel of Economic Advisors of the Congressional Budget Office before publishing such regulations; ; and in clause (v), by inserting before the period the following: , including any results of a resubmitted test . Section 165(i)(1) of such Act is further amended by adding at the end the following new subparagraph: The requirements of subparagraph
(B)shall apply to all stress tests performed under the Comprehensive Capital Analysis and Review exercise established by the Board of Governors. . Section 165 of such Act is further amended by adding at the end the following new subsection: The Board of Governors shall publicly disclose— the aggregate number of supervisory letters sent to bank holding companies described in subsection
(a)since the date of the enactment of this section, and keep such number updated; and the aggregate number of such letters that are designated as Matters Requiring Attention and the aggregate number of such letters that are designated as Matters Requiring Immediate Attention . .
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Sec. 5
Requirements for stress tests and supervisory letters for the Board of Governors of the Federal Reserve System
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