FSR Letter Supporting H.R. 6392, the Systemic Risk Designation Improvement Act of 2016

The Financial Services Roundtable (FSR) today sent a letter to House Financial Services Chairman Jeb Hensarling (R-TX) and Ranking Member Maxine Waters (D-CA) urging Congress to enact H.R. 6392, the “Systemic Risk Designation Improvement Act of 2016,” sponsored by Representative Blaine Luetkemeyer (R-MO). The bill, addresses a key issue to the financial industry and would change the current designation method for enhanced supervision of banks by replacing the $50 billion asset threshold with business activity standards to determine an institution’s systemic risk.