,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bbff  ,,in ,,the ,,house ,,of  
,,representatives  ,june #e1 #bjac ,mr4 
,capuano introduced the following bill2 
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
amend the ,dodd-,frank ,wall ,street    
,reform and ,consumer ,protection ,act  
to require certain systemically         
important entities to account for the   
financial benefit they receive as a     
result of the expectations on the part  
of shareholders1 creditors1 and         
counterparties of such entities that the
 ,government will shield them from      
losses in the event of failure1 and for 
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,subsidy       
,reserve ,act of #bjac4  #b4 ,subsidy   
reserve ,section #afe of the            
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecfe7 is amended by adding at
 the end the following3  7l7 ,subsidy   
,reserve  7#a7 ,in general ,each nonbank

 financial company supervised by the    
,board of ,governors and each bank      
holding company with total consolidated 
assets equal to or greater than         
#ejj1jjj1jjj1jjj shall establish and    
maintain a capital account called the   
,subsidy ,reserve4  7#b7 ,computation of
 benefit ,the ,board of ,governors      
shall1 in consultation with the ,council
 and the ,office of ,financial          
,research1 and after notice and         
opportunity for a hearing1 establish a  
formula for determining the financial   
benefit received by a company described 
under paragraph 7#a7 as a result of the 
expectations on the part of             
shareholders1 creditors1 and            
counterparties of such company that the 
,government will shield such            
shareholders1 creditors1 and            
counterparties from losses in the event 
of the failure of such company4  7#c7   
,subsidy ,reserve amount ,the ,board of 
,governors shall require each company   
described under paragraph 7#a7 to       

annually apply the formula established  
under paragraph 7#b7 to its annual      
financial statement and maintain the    
resulting amount in the company's       
,subsidy ,reserve1 in addition to any   
amounts so maintained from previous     
years4  7#d7 ,use of ,subsidy ,reserve  
amounts ,the amount of funds in the     
,subsidy ,reserve may only be decreased 
if a company makes a sale of assets1    
spins off a subsidiary1 or makes a      
similar divestiture1 in which case the  
,subsidy ,reserve may only be decreased 
in an amount1 as determined by the      
,board of ,governors1 that reflects the 
amount of such sale1 spin off1 or       
similar divestiture1 either on a pro    
rata basis or according to the risk     
weighting of the property sold1 spun    
off1 or divested4  7#e7 ,treatment of   
,subsidy ,reserve amounts ,amounts in   
the ,subsidy ,reserve may not be taken  
into account when determining the       
capital of the company for purposes of  
meeting any capital requirement4  7#f7  

,rulemaking ,the ,board of ,governors   
may issue such regulations and orders as
 it considers necessary to carry out    
this subsection4  4