Closing the Enhanced Prudential Standards Loophole Act

119 HR 7888 IH: Closing the Enhanced Prudential Standards Loophole Act U.S. House of Representatives 2026-03-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 2d Session H. R. 7888 IN THE HOUSE OF REPRESENTATIVES March 9, 2026 Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Financial Stability Act of 2010 to apply the enhanced supervision and prudential standards applicable under such Act with respect to bank holding companies to large banks that do not have a bank holding company, and for other purposes. 1. Short title This Act may be cited as the Closing the Enhanced Prudential Standards Loophole Act . 2. Enhanced supervision and prudential standards for banks with no bank holding company Section 165 of the Financial Stability Act of 2010 ( 12 U.S.C. 5365 ) is amended by adding at the end the following: (l) Application to banks with no bank holding company The provisions of this section shall apply to a bank that does not have a bank holding company to the same extent as such provisions apply to a bank holding company with the same amount of total consolidated assets as the bank. .