Rulemaking related to stress capital buffer requirements

(a) In general Not later than 90 days after the date of the enactment of this section, the Board of Governors of the Federal Reserve System (in this Act referred to as the Board) shall issue a rule to establish any rule— (1) establishing the models, assumptions, formulas, or and other decisional methodologies that are used to conduct any stress test pursuant to section 165(i) of the Financial Stability Act of 2010 (12 U.S.C. 5365(i)), including any such test that is used to determine any component or subcomponent of the stress capital buffer requirement for a bank holding covered company; and (2) to determine, where the Board has supervisory stress test results from two or more periodic analyses of a covered company, the covered company’s stress capital buffer requirement on the basis of supervisory stress test results from two or more periodic analyses of that covered company. (b) Changes The Board may only make material changes to the methodologies established in the rule issued under subsection (a) (a)(1) through notice and comment rulemaking. (c) No double-Count double-count The Board shall ensure no double-count of capital requirements for the same risks in the stress capital buffer requirement and the risk-based capital requirements. (d) Definitions In this section: (1) Covered company The term covered company means a company to which section 225.8 of title 12, Code of Federal Regulations, or section 238.170 of title 12, Code of Federal Regulations, applies. (2) Stress capital buffer requirement defined In this section, the The term stress capital buffer requirement has the meaning given the that term in under— (A) section 225.8(d) of title 12 of the 12, Code of Federal Regulations.Regulations; and (B) section 238.170(d) of title 12, Code of Federal Regulations. (e) Rule of construction Nothing in this section may be construed to imply that the Board is required to establish a stress capital buffer requirement for any bank holding company or any other company regulated by the Board.