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Risk-Based Credit Examination Act

1/11/2023, 1:33 PM

Congressional Summary of HR 5991

Risk-Based Credit Examination Act

This bill amends the Securities Exchange Act of 1934 to provide the Securities and Exchange Commission's Office of Credit Ratings with discretion concerning the matters to review in its annual examinations of the management and activities of nationally recognized statistical rating organizations.

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Current Status of Bill HR 5991

Bill HR 5991 is currently in the status of Bill Introduced since September 9, 2016. Bill HR 5991 was introduced during Congress 114 and was introduced to the House on September 9, 2016.  Bill HR 5991's most recent activity was Referred to the House Committee on Financial Services. as of September 9, 2016

Bipartisan Support of Bill HR 5991

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5991

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation
- Financial services and investments
- Government studies and investigations
- Securities

Alternate Title(s) of Bill HR 5991

Risk-Based Credit Examination Act
Risk-Based Credit Examination Act
To amend the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations.

Comments

Sponsors and Cosponsors of HR 5991

Ann Wagner
Ann Wagner
MissouriRepublican
Bill Foster
Bill Foster
IllinoisDemocrat

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