,,ib ,union ,cal5d> ,no4 #cah #aai?     
,,congress  #a/ ,session  ,h4 ,r4 #ebgj 
,report ,no4 #aai-cff ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,septemb] #aj1       
#bjbe,mr4 ,huiz5ga 7= himself & ,mr4    
,b>r7 introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,novemb] #d1 #bjbe;,additional
 sponsor3 ,mr4 ,sessions  ,novemb] #d1  
#bjbe,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be printed,strike
 out all aft] ! enact+ clause & ins]t ! 
"p pr9t$ 9 italic,for text ( introduc$  
bill1 see copy ( bill z introduc$ on    
,septemb] #aj1 #bjbe  ,a ,,bill  ,to    
require ! ,bo>d ( ,gov]nors ( ! ,f$]al  
,res]ve ,sy/em to issue rules to e/abli%
 c]ta9 me?odologies & sc5>ios us$ 9     
/ress te/+1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,/ress 
,te/+ ,acc\ntability & ,transp>5cy ,act4
  #b4 ,rulemak+ relat$ to /ress capital 
buff] requirem5ts  7a7 ,9 g5]al ,n lat] 
?an #ij days aft] ! date ( ! enactm5t ( 

?is section1 ! ,bo>d ( ,gov]nors ( !    
,f$]al ,res]ve ,sy/em 79 ?is ,act ref]r$
 to z ! ,bo>d7 %all issue a rule-- 7#a7 
e/abli%+ ! models1 assumptions1 =mulas1 
& o!r decisional me?odologies t are us$ 
to conduct any /ress te/ pursuant to    
section #afe7;i7 ( ! ,f9ancial ,/ability
 ,act ( #bjaj 7#ab ,u4,s4,c4 #ecfe7;i771
 includ+ any su* te/ t is us$ to det]m9e
 any compon5t or subcompon5t ( ! /ress  
capital buff] requirem5t = a cov]$      
company2 &  7#b7 to det]m9e1 :]e ! ,bo>d
 has sup]visory /ress te/ results f two 
or m p]iodic analyses ( a cov]$ company1
 ! cov]$ company's /ress capital buff]  
requirem5t on ! basis ( sup]visory /ress
 te/ results f two or m p]iodic analyses
 ( t cov]$ company4  7b7 ,*anges ,!     
,bo>d may only make mat]ial *anges to ! 
me?odologies e/abli%$ 9 ! rule issu$ "u 
subsection 7a77#a7 ?r\gh notice & comm5t
 rulemak+4  7c7 ,no d\ble-c\nt ,! ,bo>d 
%all ensure no d\ble-c\nt ( capital     
requirem5ts = ! same risks 9 ! /ress    
capital buff] requirem5t & ! risk-bas$  

capital requirem5ts4  7d7 ,def9itions ,9
 ?is section3 7#a7 ,cov]$ company ,! t]m
 cov]$ company means a company to :i*   
section #bbe4h ( title #ab1 ,code (     
,f$]al ,regulations1 or section #bch4agj
 ( title #ab1 ,code ( ,f$]al            
,regulations1 applies4  7#b7 ,/ress     
capital buff] requirem5t ,! t]m /ress   
capital buff] requirem5t has ! mean+    
giv5 t t]m "u-- 7,a7 section #bbe4h7;d7 
( title #ab1 ,code ( ,f$]al             
,regulations2 &  7,b7 section           
#bch4agj7;d7 ( title #ab1 ,code ( ,f$]al
 ,regulations4  7e7 ,rule ( con/ruction 
,no?+ 9 ?is section may be con/ru$ to   
imply t ! ,bo>d is requir$ to e/abli% a 
/ress capital buff] requirem5t = any    
bank hold+ company or any o!r company   
regulat$ by ! ,bo>d4  #c4 ,rulemak+     
relat+ to /ress te/+  7a7 ,9 g5]al      
,beg9n+ 9 ! fir/ cal5d> ye> beg9n+ aft] 
! date ( ! enactm5t ( ?is section1 !    
,bo>d %all1 n less ?an #fj days be=e    
conduct+ a /ress te/ pursuant to section
 #afe7;i7 ( ! ,f9ancial ,/ability ,act (

 #bjaj1 publicly disclose ea* sc5>io to 
be us$ 9 su* /ress te/4  7b7            
,prohibition ,! ,bo>d may n1 by rule or 
o!rwise1 subject any nonbank f9ancial   
company or bank hold+ company to a      
climate-relat$ /ress te/ us+ ! au?ority 
provid$ 9 section #afe7;i7 ( ! ,f9ancial
 ,/ability ,act ( #bjaj4  #d4 ,,gao     
report  7a7 ,9 g5]al ,! ,comptroll]     
,g5]al ( ! ,unit$ ,/ates %all1 e #c     
ye>s1 conduct a /udy & submit a report  
to ! ,congress ) respect to ! /ress te/s
 conduct$ by ! ,bo>d "u section #afe7;i7
 ( ! ,f9ancial ,/ability ,act ( #bjaj 9 
! #c mo/ rec5t cal5d> ye>s4  7b7        
,cont5ts ,! report submitt$ to !        
,congress "u subsection 7a7 %all consid]
 ! effectiv5ess ( ! /ress te/s 9        
evaluat+-- 7#a7 ! safety & s\ndness ( ! 
nonbank f9ancial companies & bank hold+ 
companies subject$ to /ress te/s2 &     
7#b7 ! /ability ( ! ,unit$ ,/ates       
f9ancial sy/em4  ,novemb] #d1           
#bjbe,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 

( ! ,union1 & ord]$ to be pr9t$