HR7888Referred to Committee

Closing the Enhanced Prudential Standards Loophole Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-09
Introduced
0
Cosponsors
HR
ⓘ
Type

Sponsor

Maxine Waters
Maxine Waters
Democrat · CA · Representative
Votes with party: 97.9% (579 recorded votes)

Full profile: /officials/W000187

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Financial Services.

2026-03-09

Source: Congress.gov

Committee Activity

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Plain-English Summary

This bill would strengthen banking regulations by closing a loophole that allows certain large financial institutions to avoid stricter oversight rules designed to prevent another financial crisis. The measure would require more banks and financial companies to follow enhanced safety standards that monitor their risk-taking and capital reserves, affecting major financial firms that currently operate with fewer restrictions than their largest competitors.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7888 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7888 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. _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Closing the Enhanced Prudential Standards Loophole Act''. SEC. 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.''. <all>
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