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Financial Institution Living Will Improvement Act of 2017
4/7/2025, 3:21 PM
Summary of Bill HR 4292
Bill 115 hr 4292, also known as the Financial Institution Living Will Improvement Act of 2017, aims to improve the living will process for financial institutions in order to prevent future financial crises. The bill requires financial institutions to submit living wills, which are detailed plans outlining how the institution would be liquidated in the event of a financial collapse, to the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) for review.
The bill also requires the Federal Reserve and the FDIC to provide feedback to financial institutions on their living wills, including any deficiencies or areas for improvement. Additionally, the bill requires the Federal Reserve and the FDIC to publicly disclose a summary of the living wills of financial institutions, in order to increase transparency and accountability in the financial sector.
Overall, the Financial Institution Living Will Improvement Act of 2017 aims to strengthen the financial system by ensuring that financial institutions have comprehensive plans in place to prevent future financial crises and protect taxpayers from having to bail out failing institutions.
The bill also requires the Federal Reserve and the FDIC to provide feedback to financial institutions on their living wills, including any deficiencies or areas for improvement. Additionally, the bill requires the Federal Reserve and the FDIC to publicly disclose a summary of the living wills of financial institutions, in order to increase transparency and accountability in the financial sector.
Overall, the Financial Institution Living Will Improvement Act of 2017 aims to strengthen the financial system by ensuring that financial institutions have comprehensive plans in place to prevent future financial crises and protect taxpayers from having to bail out failing institutions.
Current Status of Bill HR 4292
Bill HR 4292 is currently in the status of Bill Introduced since November 7, 2017. Bill HR 4292 was introduced during Congress 115 and was introduced to the House on November 7, 2017. Bill HR 4292's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 5, 2018
Bipartisan Support of Bill HR 4292
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4292
Primary Policy Focus
Finance and Financial SectorComments
Sponsors and Cosponsors of HR 4292
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