What does Preamble of Closing the Enhanced Prudential Standards Loophole Act do?

This bill proposes to amend the Financial Stability Act of 2010. The proposed amendment would apply enhanced supervision and prudential standards to large banks that do not have a bank holding company. The bill's stated purpose is to apply existing standards to a broader group of financial institutions.

What does SHORT TITLE. of Closing the Enhanced Prudential Standards Loophole Act do?

This Act is formally titled the 'Closing the Enhanced Prudential Standards Loophole Act'.

What does ENHANCED SUPERVISION AND PRUDENTIAL STANDARDS FOR BANKS WITH NO of Closing the Enhanced Prudential Standards Loophole Act do?

This section amends Section 165 of the Financial Stability Act of 2010. The amendment extends the provisions of Section 165 to banks that do not have a bank holding company. This application is to be made to the same extent as it applies to a bank holding company with equivalent total consolidated assets.

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Closing the Enhanced Prudential Standards Loophole Act

Last updated: 3/9/2026 · Introduced: 3/9/2026

Author: Maxine Waters (D-CA)

TL;DR (AI)

This bill amends the Financial Stability Act of 2010 to apply enhanced supervision to large banks that do not operate under a bank holding company.
The legislation extends existing prudential standards to these banks, mirroring the standards applied to bank holding companies with comparable assets.
The bill aims to broaden the scope of financial institutions subject to enhanced regulatory oversight.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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