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Easing Financial Firm Stress Tests: Boosting Investment Opportunities.

This bill aims to reduce the burden on certain non-bank financial companies by exempting them from some mandatory financial stress tests. This could give these companies more flexibility in managing their finances, potentially leading to increased investment and economic growth. Citizens might indirectly benefit from a more stable economy and new investment opportunities.
Key points
Reduces financial stress test requirements for non-bank financial companies.
Agencies like the SEC and CFTC can still require their own financial condition analyses from companies they oversee.
The changes aim to facilitate investment activities and reduce bureaucracy for certain financial entities.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_3412
Sponsor: Rep. Loudermilk, Barry [R-GA-11]
Process start date: 2021-05-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Alleviating Stress Test Burdens To Help Investors Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3412.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Reduces financial stress test requirements for non-bank financial companies.
  • Agencies like the SEC and CFTC can still require their own financial condition analyses from companies they oversee.
  • The changes aim to facilitate investment activities and reduce bureaucracy for certain financial entities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Loudermilk, Barry [R-GA-11].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy