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Systemic Risk Designation Improvement Act of 2017
(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision.
The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision.
Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio.
(Sec. 3) The FRB must publish the list of companies that have been identified as requiring enhanced supervision.
(Sec. 5) The bill provides for the temporary extension of fees and assessments collected from specified bank holding companies under current law, and includes a limit on the total amount collected under the extension.
Written by the nonpartisan Congressional Research Service, describing H.R. 3312 as passed House amended on Dec 19, 2017. It is not the text of the measure; a later amendment may have changed what it does.
House Dec 19, 2017
Systemic Risk Designation Improvement Act of 2017
Passed
288 Yea 130 Nay 13 not voting
Crossed both parties 61 of 418 voting members broke with their own party: 59 Democrats, 2 Republicans.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
431 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 3312 and vote against it. 8 signed when it was filed.
Organizations that named H.R. 3312 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
172 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.