H.R. 1596 — Introduced in House

I 118th CONGRESS 1st Session H. R. 1596 IN THE HOUSE OF REPRESENTATIVES March 14, 2023Mr. Moulton introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to repeal the exemption from enhanced supervision and prudential standards applicable to bank holding companies with total consolidated assets between $50,000,000,000 and $250,000,000,000. 1. Short title This Act may be cited as the Stabilizing Vulnerable Banks Act. 2. Enhanced supervision and prudential standards for certain bank holding companies (a) In general Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115–174) is hereby repealed and the provisions of law amended by such section are revived or restored as if such section had not been enacted. (b) Clerical amendment The table of contents for the Economic Growth, Regulatory Relief, and Consumer Protection Act is amended by striking the item relating to section 401.