S.Amdt. 2161

SA 2161. Ms. CORTEZ MASTO submitted an amendment intended to be
proposed by her to the bill S. 2155, to promote economic growth,
provide tailored regulatory relief, and enhance consumer protections,
and for other purposes; which was ordered to lie on the table; as
follows:

At the end of section 401, add the following:
(__) Quantitative or Qualitative Objections to Capital
Plans.--
(1) In general.--Any bank holding company with total
consolidated assets greater than $50,000,000,000 that, in the
preceding 5 years, has received a quantitative or qualitative
objection or conditional nonobjection to a capital plan
submitted to the Board of Governors of the Federal Reserve
System pursuant the Comprehensive Capital Analysis and Review
conducted under section 225.8 of title 12, Code of Federal
Regulations, shall be--

[[Page S1586]]

(A) considered a bank holding company with total
consolidated assets equal to or greater than $250,000,000,000
with respect to the application of standards or requirements
under--
(i) sections 116(a), 121(a), 155(d), 163(b), 164, and 165
of the Financial Stability Act of 2010 (12 U.S.C. 5326(a),
5331(a), 5345(d), 5363(b), 5364, 5365); and
(ii) paragraph (2)(A) of the second subsection (s)
(relating to assessments) of section 11 of the Federal
Reserve Act (12 U.S.C. 248(s)(2)); and
(B) subject to annual analyses to evaluate whether the bank
has the capital, on a total consolidated basis, necessary to
absorb losses as a result of adverse economic conditions.
(2) Conditions.--Each analysis described in paragraph
(1)(B) shall provide for at least 3 different sets of
conditions under which the evaluation required by that
paragraph shall be conducted, including baseline, adverse,
and severely adverse.
______