,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #ebgj  ,,in ,,the ,,house ,,of  
,,representatives  ,september #aj1      
#bjbe,mr4 ,huizenga 7for himself and    
,mr4 ,barr7 introduced the following    
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to require the ,board of       
,governors of the ,federal ,reserve     
,system to issue rules to establish     
certain methodologies and scenarios used
 in stress testing1 and for other       
purposes4  #a4 ,short title  ,this ,act 
may be cited as the ,stress ,testing    
,accountability and ,transparency ,act4 
#b4 ,rulemaking related to stress       
capital buffer requirements  7a7 ,in    
general ,not later than #ij days after  
the date of the enactment of this       
section1 the ,board of ,governors of the
 ,federal ,reserve ,system 7in this ,act
 referred to as the ,board7 shall issue 
a rule to establish any models1         
assumptions1 formulas1 or other         
decisional methodologies that are used  

to determine any component or           
subcomponent of the stress capital      
buffer requirement for a bank holding   
company4  7b7 ,changes ,the ,board may  
only make changes to the rule issued    
under subsection 7a7 through notice and 
comment rulemaking4  7c7  ,no           
double-,count  ,the ,board shall ensure 
no double-count of capital requirements 
for the same risks in the stress capital
 buffer requirement and the risk-based  
capital requirements4  7d7 ,stress      
capital buffer requirement defined ,in  
this section1 the term stress capital   
buffer requirement has the meaning given
 the term in section #bbe4h7;d7 of title
 #ab of the ,code of ,federal           
,regulations4  #c4 ,rulemaking relating 
to stress testing  7a7 ,in general      
,beginning in the first calendar year   
beginning after the date of the         
enactment of this section1 the ,board   
shall1 not less than #cj days before    
conducting a stress test pursuant to    
section #afe7;i7 of the ,financial      

,stability ,act of #bjaj1 issue a rule  
to establish each scenario to be used in
 such stress test4  7b7 ,prohibition    
,the ,board may not1 by rule or         
otherwise1 subject any nonbank financial
 company to a climate-related stress    
test using the authority provided in    
section #afe7;i7 of the ,financial      
,stability ,act of #bjaj4  #d4 ,,gao    
report  7a7 ,in general ,the            
,comptroller ,general of the ,united    
,states shall1 every #c years1 conduct a
 study and submit a report to the       
,congress with respect to the stress    
tests conducted by the ,board under     
section #afe7;i7 of the ,financial      
,stability ,act of #bjaj in the #c most 
recent calendar years4  7b7 ,contents   
,the report submitted to the ,congress  
under subsection 7a7 shall consider the 
effectiveness of the stress tests in    
evaluating-- 7#a7 the safety and        
soundness of the nonbank financial      
institutions subjected to stress tests2 
7#b7 the stability of the ,united       

,states financial system4