,i #aae? ,,congress #a/ ,session ,h4 ,r4 #dbic ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,novemb] #g1 #bjag,mr4 ,zeld9 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to re=m ! ,compreh5sive ,capital ,analysis & ,review process1 ! ,dodd-,frank ,act ,/ress ,te/ process1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/ress ,te/ ,improvem5t ,act ( #bjag4 #b4 ,,cc> & ,,dfa/ re=ms ,section #afe7;i7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #ecfe7;i77 is am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 9 subp>agraph 7,b7-- 7i7 by am5d+ clause 7i7 to read z foll[s3 7i7 %all-- 7,i7 issue regulations1 aft] provid+ = public notice & comm5t1 t provide = at lea/ #c diff]5t sets ( conditions "u :i* ! evaluation requir$ by ?is subsection %all be conduct$1 includ+ basel9e1 adv]se1 & sev]ely adv]se1 & me?odologies1 includ+ models us$ to e/imate losses on c]ta9 assets1 & ! ,bo>d ( ,gov]nors %all n c>ry out any su* evaluation until #fj days aft] su* regulations are issu$2 & 7,,ii7 provide copies ( su* regulations to ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates & ! ,panel ( ,economic ,advisors ( ! ,congressional ,budget ,(fice be=e publi%+ su* regulations2 2 7ii7 9 clause 7iv71 by /rik+ & at ! end2 7iii7 9 clause 7v71 by /rik+ ! p]iod & ins]t+ ! foll[+3 1 includ+ any results ( a resubmitt$ te/22 & 7iv7 by add+ at ! end ! foll[+3 7vi7 %all1 9 e/abli%+ ! sev]ely adv]se condition "u clause 7i71 provide detail$ consid]ation ( ! model's effects on f9ancial /ability & ! co/ & availability ( cr$it2 7vii7 %all1 9 develop+ ! models & me?odologies & provid+ !m = notice & comm5t "u ?is subp>agraph1 publi% a process to te/ ! models & me?odologies = _! pot5tial to magnify sy/emic & in/itutional risks in/ead ( facilitat+ increas$ resili5cy2 7viii7 %all design & publi% a process to te/ & docum5t ! s5sitivity & unc]ta9ty associat$ ) ! model sy/em's data quality1 specifications1 & assumptions2 & 7ix7 %all communicate ! range & s\rces ( unc]ta9ty surr\nd+ ! models & me?odologies4 2 & 7,b7 by add+ at ! end ! foll[+3 7,c7 ,,cc> requirem5ts 7i7 ,p>amet]s & consequ5ces applicable to ,,cc> ,! requirem5ts ( subp>agraph 7,b7 %all apply to ,,cc>4 7ii7 ,two-ye> limitation ,! ,bo>d ( ,gov]nors may n subject a company to ,,cc> m ?an once e two ye>s4 7iii7 ,mid-cycle resubmission ,if a company receives a quantitative objection to1 or o!rwise desires to am5d ! company's capital plan1 ! company may file a new /reaml9$ plan at any "t aft] a capital plann+ ex]cise has be5 complet$ & be=e a subsequ5t capital plann+ ex]cise4 7iv7 ,limitation on qualitative capital plann+ objections ,9 c>ry+ out ,,cc>1 ! ,bo>d ( ,gov]nors may n object to a company's capital plan on ! basis ( qualitative defici5cies 9 ! company's capital plann+ process4 7v7 ,company inquiries ,! ,bo>d ( ,gov]nors %all e/abli% & publi% proc$ures = respond+ to inquiries f companies subject to ,,cc>1 includ+ e/abli%+ ! "t frame 9 :i* su* responses w be made1 & make su* proc$ures publicly available4 7vi7 ,,cc> def9$ ,= purposes ( ?is subp>agraph & subp>agraph 7,e71 ! t]m ,,cc> means ! ,compreh5sive ,capital ,analysis & ,review e/abli%$ by ! ,bo>d ( ,gov]nors4 2 & 7#b7 9 p>agraph 7#b77;,a71 by /rik+ semiannual & ins]t+ annual4