Legislation approved on a partisan basis by the Senate Banking Committee would revise the Dodd-Frank Act’s thresholds for designating bank holding companies as systemically-important financial institutions (SIFIs), eliminating the $50 billion threshold that now subjects BHCs to automatic governance by an array of heightened prudential rules and resolution-planning requirements.  Only BHCs with assets above $500 billion would automatically be designated SIFIs subject to these rules.  Global systemically-important banks (G-SIBs) would be designated for still higher standards only based on the regulatory framework proposed by the Federal Reserve. The non-bank SIFI designation criteria are not changed, although the designation process for them is altered elsewhere in the legislation.

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