S. 1139 – Main Street Regulatory Fairness Act

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Updated April 15, 2026 at 3:23 PM UTC

The Main Street Regulatory Fairness Act amends the Financial Stability Act of 2010 to alter the stress‑test rules for certain large financial firms. It changes how often those tests must be performed and raises the asset size that triggers the requirements. The changes apply to non‑bank financial companies overseen by the Federal Reserve and to certain bank holding companies.

Key Provisions

Replaces the term “semiannual” with “periodic,” allowing stress tests to be conducted at intervals other than twice a year.
Increases the asset‑size threshold for mandatory stress testing from $10 billion to $50 billion.
Changes the word “annual” to “periodic,” giving the Federal Reserve flexibility to set the testing frequency.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

May 16, 2017

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SenateIntro Referral

Introduced in Senate

May 16, 2017

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

May 16, 2017

Bill Text

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Introduced in SenateIssued May 16, 2017

II

115th CONGRESS

1st Session

S. 1139

IN THE SENATE OF THE UNITED STATES

May 16, 2017

Mr. Tester (for himself, Mr. Moran, and Ms. Heitkamp) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Financial Stability Act of 2010 to modify the requirements of stress tests.

1.

Short title

This Act may be cited as the Main Street Regulatory Fairness Act.

2.

Enhanced supervision and prudential standards for nonbank financial companies supervised by the Board of Governors and certain bank holding companies

Section 165(i)(2)(A) of the Financial Stability Act of 2010 (12 U.S.C. 5365(i)) is amended—

(1)

in the first sentence, by striking semiannual and inserting periodic; and

(2)

in the second sentence—

(A)

by striking $10,000,000,000 and inserting $50,000,000,000; and

(B)

by striking annual and inserting periodic.