H.R. 3911

Risk-Based Credit Examination Act

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IIB

115th CONGRESS

1st Session

H. R. 3911

IN THE SENATE OF THE UNITED STATES

November 8, 2017

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

To amend the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations.

1.

Short title

This Act may be cited as the Risk-Based Credit Examination Act.

2.

Risk-Based Examinations of Nationally Recognized Statistical Rating Organizations

Section 15E(p)(3)(B) of the Securities Exchange Act of 1934 (15 U.S.C. 78o–7(p)(3)(B)) is amended in the matter preceding clause (i), by inserting , as appropriate, after Each examination under subparagraph (A) shall include.

Passed the House of Representatives November 7, 2017.

Karen L. Haas,

Clerk