Bill Huizenga (R-MI)
Stress Testing Accountability and Transparency Act
A Republican bill with 2 Republican cosponsors · See all 2 cosponsors
Last activity — Placed on the Union Calendar, Calendar No. 318.
Cleared committee, waiting for its first floor vote
A committee approved it and it is on the calendar of the chamber it started in.
This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.
Its path through Congress
- Introduced
- On Calendar
What this bill would do
The Stress Testing Accountability and Transparency Act requires the Board of Governors of the Federal Reserve System to issue specific rules for stress testing. This includes establishing methodologies, models, and assumptions used to determine stress capital buffer requirements. The bill mandates that the Board publicly disclose scenarios used in stress tests at least 60 days in advance. Additionally, it prohibits climate-related stress tests for nonbank financial companies or bank holding companies under specific authority. Finally, the GAO is tasked with conducting a study every three years regarding the effectiveness of these stress tests.
Yes· 3 of 5
- Scored +3
Does this make what the government does easier for the public to see?
The bill mandates public disclosure of stress test scenarios and periodic GAO reports on stress test effectiveness.
- Scored +2
Is this likely to grow the economy?
The bill promotes efficiency by requiring the Board to prevent the double-counting of capital requirements for the same risks.
- Scored +2
Does this give people more protection from unfair business practices?
The bill increases transparency by requiring the Federal Reserve to disclose stress test scenarios 60 days in advance.
The opposite
- Scored -3
Does this cut the pollution that drives climate change?
The bill prohibits the use of climate-related stress tests for nonbank financial companies and bank holding companies.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency in Methodologies: The Board must issue a rule establishing models, assumptions, and formulas used for stress tests, which helps clarify how stress capital buffer requirements are determined (Section 2(a)(1)).
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Prevention of Redundant Capital Requirements: The Board is required to ensure that there is no double-counting of capital requirements for the same risks in both stress capital buffer and risk-based capital requirements (Section 2(c)).
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Advance Notice of Scenarios: The Board must publicly disclose each scenario to be used in a stress test at least 60 days before conducting the test (Section 3(a)).
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Regular Oversight and Evaluation: The Comptroller General is required to conduct a study every three years to evaluate the effectiveness of stress tests regarding the safety and soundness of companies and the stability of the financial system (Section 4).
Potential Negative Impacts for People
- Prohibition of Climate-Related Stress Tests: The bill prevents the Board from subjecting nonbank financial companies or bank holding companies to climate-related stress tests using certain existing authority (Section 3(b)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill increases transparency by requiring the Federal Reserve to disclose stress test scenarios 60 days in advance. Is this likely to grow the economy? — The bill promotes efficiency by requiring the Board to prevent the double-counting of capital requirements for the same risks. Does this make the government pay for what it commits to? — The bill enhances financial system oversight through required GAO studies every three years.
- Environment Energy And Infrastructure
- Does this cut the pollution that drives climate change? — The bill prohibits the use of climate-related stress tests for nonbank financial companies and bank holding companies.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates public disclosure of stress test scenarios and periodic GAO reports on stress test effectiveness.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides greater regulatory predictability by requiring the Board to establish rules for methodologies and scenarios.
- 11/4/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-366.
- Placed on the Union Calendar, Calendar No. 318.
- 9/16/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
- 9/15/2025
- 1 Cosponsor added.
- 9/10/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
Andy BarrRepublican · Kentucky
Pete SessionsRepublican · Texas