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Easing Financial Tests for Non-Bank Investment Firms

This act modifies financial test requirements for certain non-bank companies. The goal is to reduce regulatory burdens on these firms, which could indirectly affect the investment market and the availability of financial products for citizens.
Key points
Fewer companies will be subject to strict financial stress tests that were previously mandatory.
Agencies like the SEC and CFTC can still require their own financial condition analyses from companies they oversee.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_5004
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2022-09-29
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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_S_5004.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-29.

What are the main provisions?

Key points include:

  • Fewer companies will be subject to strict financial stress tests that were previously mandatory.
  • Agencies like the SEC and CFTC can still require their own financial condition analyses from companies they oversee.
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 Sen. Rounds, Mike [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy