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Closing the Enhanced Prudential Standards Loophole Act
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.
Summary
This bill amends the Financial Stability Act of 2010 to extend enhanced supervision and prudential standards to large banks that operate without a bank holding company. Currently, these enhanced regulatory standards apply primarily to bank holding companies, but not to independent banks of similar size. The bill requires that large independent banks follow the same enhanced regulatory standards as bank holding companies with comparable total assets. This change applies to banks without a bank holding company to the same extent that the standards currently apply to bank holding companies.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Maxine Waters’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- GUSTAR KAPLAN NUSBAUM PLLC $9,900
- INVARIANT $8,300
- SLA WORLDWIDE $6,950
- MINDSET $6,800
- EGAN-JONES RATINGS CO. $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Maxine Waters → · Outside spending →
Actions (2)
- Mar 9, 2026 Referred to the House Committee on Financial Services. · house
- Mar 9, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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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