#aaeth ,,congress  #b;d ,session  ,h4   
,r4 #dbic  ,,an ,,act  ,to reform the   
,comprehensive ,capital ,analysis and   
,review process1 the ,dodd-,frank ,act  
,stress ,test process1 and for other    
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,stress ,test       
,improvement ,act of #bjag4  #b4 ,,ccar 
and ,,dfast reforms ,section #afe7;i7 of
 the ,dodd-,frank ,wall ,street ,reform 
and ,consumer ,protection ,act 7#ab     
,u4,s4,c4 #ecfe7;i77 is amended--  7#a7 
in paragraph 7#a7-- 7,a7 in subparagraph
 7,b77i7--  7i7 by striking #c different
 and inserting #b different2 and  7ii7  
by striking 1 adverse12 and  7,b7 by    
adding at the end the following3  7,c7  
,,ccar requirements  7i7 ,limitation on 
qualitative capital planning objections 
,in carrying out ,,ccar1 the ,board of  
,governors may not object to a company's
 capital plan on the basis of           
qualitative deficiencies in the         
company's capital planning process4     
7ii7 ,,ccar defined ,for purposes of    

this subparagraph and subparagraph 7,e71
 the term ,,ccar means the              
,comprehensive ,capital ,analysis and   
,review established by the ,board of    
,governors4  2 and  7#b7 in paragraph   
7#b7--  7,a7 in subparagraph 7,a71 by   
striking semiannual and inserting       
annual2 and  7,b7 in subparagraph       
7,c77ii71 by striking #c different sets 
of conditions1 including baseline1      
adverse1 and inserting #b different sets
 of conditions1 including baseline4  #c4
 ,rule of construction ,the amendments  
made by this ,act may not be construed  
to prohibit an appropriate ,federal     
banking agency 7as defined in section #c
 of the ,federal ,deposit ,insurance    
,act 7#ab ,u4,s4,c4 #ahac77 from-- 7#a7 
ensuring the safety and soundness of an 
entity regulated by such an appropriate 
,federal banking agency2 and  7#b7      
ensuring compliance with applicable     
laws1 regulations1 and supervisory      
policies1 and the following of          
appropriate guidance1 by an entity      

regulated by such an appropriate        
,federal banking agency4  #d4 ,reduction
 of surplus funds of ,federal reserve   
banks  7a7 ,in general ,section         
#g7;a77#c77;,a7 of the ,federal ,reserve
 ,act 7#ab ,u4,s4,c4 #bhi7;a77#c77;,a77 
is amended by striking #g1ejj1jjj1jjj   
and inserting #g1dhj1jjj1jjj4  7b7      
,effective date ,subsection 7a7 shall   
take effect on ,june #a1 #bjah4  ,passed
 the ,house of ,representatives ,april  
#aa1 #bjah4;,clerk4