Sec. 303. GAO report
101 words·~1 min read·
/bill/118/hr/8337/ih/section-303·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Comptroller General of the United States shall, every 3 years, conduct a study and submit a report to the Congress with respect to the stress tests conducted by the Board under section 165(i) of the Financial Stability Act of 2010 in the 3 most recent calendar years. The report submitted to the Congress under subsection
(a)shall— evaluate whether the stress tests are sufficiently robust and promote preparedness; and consider whether the stress tests adequately identify salient risks to— the safety and soundness of the nonbank financial institutions subjected to stress tests; the stability of the United States financial system.