,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #djfj  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ad1 #bjad 
,mr4 ,luetkemeyer 7for himself1 ,mr4    
,bachus1 ,mr4 ,stivers1 ,mr4 ,david     
,scott of ,georgia1 ,mr4 ,murphy of     
,florida1 and ,ms4 ,sewell of ,alabama7 
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 specify when bank holding companies  
may be subject to certain enhanced      
supervision1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,systemic ,risk ,designation    
,improvement ,act of #bjad4  #b4 ,table 
of contents ,the table of contents for  
the ,dodd-,frank ,wall ,street ,reform  
and ,consumer ,protection ,act 7#ab     
,u4,s4,c4 #ecja et seq47 is amended by  
striking the item relating to section   
#aac and inserting the following3  ,sec4
 #aac4 ,authority to require enhanced   

supervision and regulation of certain   
nonbank financial companies and certain 
bank holding companies4  4  #c4         
,revisions to council authority  7a7    
,purposes and duties ,section #aab of   
the ,dodd-,frank ,wall ,street ,reform  
and ,consumer ,protection ,act 7#ab     
,u4,s4,c4 #ecbb7 is amended in          
subsection 7a77#b77;,i7 by inserting    
before the semicolon 1 which have been  
the subject of a final determination    
under section #aac4  7b7 ,bank holding  
company designation ,section #aac of the
 ,dodd-,frank ,wall ,street ,reform and 
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecbc7 is amended--  7#a7 by  
amending the heading for such section to
 read as follows3 ,authority to require 
enhanced supervision and regulation of  
certain nonbank financial companies and 
certain bank holding companies2  7#b7 by
 redesignating subsections 7c71 7d71    
7e71 7f71 7g71 7h71 and 7i7 as          
subsections 7d71 7e71 7f71 7g71 7h71    
7i71 and 7j71 respectively2  7#c7 by    

inserting after subsection 7b7 the      
following3  7c7 ,bank holding companies 
subject to enhanced supervision and     
prudential standards under section #afe 
7#a7 ,determination ,the ,council1 on a 
nondelegable basis and by a vote of not 
fewer than #bc of the voting members    
then serving1 including an affirmative  
vote by the ,chairperson1 may determine 
that a bank holding company shall be    
subject to enhanced supervision and     
prudential standards by the ,board of   
,governors1 in accordance with section  
#afe1 if the ,council determines1 based 
on the considerations in paragraph 7#b71
 that material financial distress at the
 bank holding company1 or the nature1   
scope1 size1 scale1 concentration1      
interconnectedness1 or mix of the       
activities of the bank holding company1 
could pose a threat to the financial    
stability of the ,united ,states4  7#b7 
,considerations ,in making a            
determination under paragraph 7#a71 the 
,council shall use the indicator-based  

measurement approach established by the 
,basel ,committee on ,banking           
,supervision to determine systemic      
importance1 which considers--  7,a7 the 
size of the bank holding company2  7,b7 
the interconnectedness of the bank      
holding company2  7,c7 the extent of    
readily available substitutes or        
financial institution infrastructure for
 the services of the bank holding       
company2  7,d7 the global               
cross-jurisdictional activity of the    
bank holding company2 and  7,e7 the     
complexity of the bank holding company4 
7#c7 ,exemption for certain bank holding
 companies ,this subsection shall not   
apply to a bank holding company with    
total consolidated assets of            
#ej1jjj1jjj1jjj or less4  2  7#d7 in    
subsection 7d71 as so redesignated--    
7,a7 in paragraph 7#a77;,a71 by striking
 subsection 7a77#b7 or 7b77#b7 and      
inserting subsection 7a77#b71 7b77#b71  
or 7c77#b72 and  7,b7 in paragraph 7#d71
 by striking ,subsections 7d7 through   

7h7 and inserting ,subsections 7e7      
through 7i72  7#e7 in subsections 7e71  
7f71 7g71 7h71 7i71 and 7j7--  7,a7 by  
striking subsections 7a7 and 7b7 each   
place such term appears and inserting   
subsections 7a71 7b71 and 7c72 and  7,b7
 by striking nonbank financial company  
each place such term appears and        
inserting bank holding company for which
 there has been a determination under   
subsection 7c7 or nonbank financial     
company2  7#f7 in subsection 7g71 as so 
redesignated1 by striking subsection 7e7
 and inserting subsection 7f72  7#g7 in 
subsection 7h71 as so redesignated1 by  
striking subsection 7a71 7b71 or 7c7 and
 inserting subsection 7a71 7b71 7c71 or 
7d72 and  7#h7 in subsection 7i71 as so 
redesignated1 by striking subsection    
7d77#b71 7e77#c71 or 7f77#e7 and        
inserting subsection 7e77#b71 7f77#c71  
or 7g77#e74  7c7 ,enhanced supervision  
,section #aae of the ,dodd-,frank ,wall 
,street ,reform and ,consumer           
,protection ,act 7#ab ,u4,s4,c4 #ecbe7  

is amended--  7#a7 in subsection        
7a77#a71 by striking large1             
interconnected bank holding companies   
and inserting bank holding companies    
which have been the subject of a final  
determination under section #aac2  7#b7 
in subsection 7a77#b7--  7,a7 in        
subparagraph 7,a71 by striking or at the
 end2  7,b7 by striking the ,council may
 and all that follows through           
differentiate and inserting the ,council
 may differentiate2 and  7,c7 by        
striking subparagraph 7,b72 and  7#c7 in
 subsection 7b77#c71 by striking        
subsections 7a7 and 7b7 of section #aac 
each place such term appears and        
inserting subsections 7a71 7b71 and 7c7 
of section #aac4  7d7 ,reports ,section 
#aaf7;a7 of the ,dodd-,frank ,wall      
,street ,reform and ,consumer           
,protection ,act 7#ab ,u4,s4,c4         
#ecbf7;a77 is amended by striking with  
total consolidated assets of            
#ej1jjj1jjj1jjj or greater and inserting
 which has been the subject of a final  

determination under section #aac4  7e7  
,mitigation ,section #aba of the        
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecca7 is amended--  7#a7 in  
subsection 7a71 by striking with total  
consolidated assets of #ej1jjj1jjj1jjj  
or more and inserting which has been the
 subject of a final determination under 
section #aac2 and  7#b7 in subsection   
7c71 by striking subsection 7a7 or 7b7  
of section #aac and inserting subsection
 7a71 7b71 or 7c7 of section #aac4  7f7 
,office of financial research ,section  
#aee of the ,dodd-,frank ,wall ,street  
,reform and ,consumer ,protection ,act  
7#ab ,u4,s4,c4 #ecde7 is amended in     
subsection 7d7 by striking with total   
consolidated assets of #ej1jjj1jjj1jjj  
or greater and inserting which have been
 the subject of a final determination   
under section #aac4  #d4 ,revisions to  
,board authority  7a7 ,acquisitions     
,section #afc of the ,dodd-,frank ,wall 
,street ,reform and ,consumer           

,protection ,act 7#ab ,u4,s4,c4 #ecfc7  
is amended by striking with total       
consolidated assets equal to or greater 
than #ej1jjj1jjj1jjj each place such    
term appears and inserting which has    
been the subject of a final             
determination under section #aac4  7b7  
,management interlocks ,section #afd of 
the ,dodd-,frank ,wall ,street ,reform  
and ,consumer ,protection ,act 7#ab     
,u4,s4,c4 #ecfd7 is amended by striking 
with total consolidated assets equal to 
or greater than #ej1jjj1jjj1jjj and     
inserting which has been the subject of 
a final determination under section     
#aac4  7c7 ,enhanced supervision and    
prudential standards ,section #afe of   
the ,dodd-,frank ,wall ,street ,reform  
and ,consumer ,protection ,act 7#ab     
,u4,s4,c4 #ecfe7 is amended--  7#a7 in  
subsection 7a71 by striking with total  
consolidated assets equal to or greater 
than #ej1jjj1jjj1jjj and inserting which
 have been the subject of a final       
determination under section #aac2  7#b7 

in subsection 7a77#b7--  7,a7 by        
striking 7,a7 ,in general4--2 and  7,b7 
by striking subparagraph 7,b72  7#c7 by 
striking subsections 7a7 and 7b7 of     
section #aac each place such term       
appears and inserting subsections 7a71  
7b71 and 7c7 of section #aac2 and  7#d7 
in subsection 7j71 by striking with     
total consolidated assets equal to or   
greater than #ej1jjj1jjj1jjj and        
inserting which has been the subject of 
a final determination under section     
#aac4  7d7 ,conforming ,amendment ,the  
second subsection 7s7 7relating to      
,assessments1 ,fees1 and ,other ,charges
 for ,certain ,companies7 of section #aa
 of the ,federal ,reserve ,act 7#ab     
,u4,s4,c4 #bdh7 is amended--  7#a7 by   
redesignating such subsection as        
subsection 7t72 and  7#b7 in paragraph  
7#b7--  7,a7 in subparagraph 7,a71 by   
striking having total consolidated      
assets of #ej1jjj1jjj1jjj or more2 and  
inserting which have been the subject of
 a final determination under section    

#aac of the ,dodd-,frank ,wall ,street  
,reform and ,consumer ,protection ,act2 
and2  7,b7 by striking subparagraph     
7,b72 and  7,c7 by redesignating        
subparagraph 7,c7 as subparagraph 7,b74 
#e4 ,effective date  7a7 ,in general    
,subject to subsection 7b71 the         
amendments made by this ,act shall take 
effect one year after the date of       
enactment of this ,act4  7b7            
,presumption of ,determination          
,notwithstanding subsection 7a71 with   
respect to a bank holding company that  
has been identified by the ,financial   
,stability ,board as a ,global          
,systemically ,important ,financial     
,institution1 the ,financial ,stability 
,oversight ,council may1 upon enactment 
of this ,act1 begin proceedings for a   
determination under section #aac7;c7 of 
the ,dodd-,frank ,wall ,street ,reform  
and ,consumer ,protection ,act1 as added
 by section #c7;b77#c71 but the ,council
 may not make a final determination     
under such section #aac7;c7 with respect

 to a bank holding company before the   
effective date described under          
subsection 7a74