I 118th CONGRESS 1st Session H. R. 3992 IN THE HOUSE OF REPRESENTATIVES June 9, 2023 Mr. Sherman introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Financial Stability Act of 2010 to require stress tests performed pursuant to that Act to evaluate for the increase and decrease of interest rates, and for other purposes.

1. Short title This Act may be cited as the Effective Bank Regulation Act . 2. Stress test scenario Section 165(i)(1)(B)(i) of the Financial Stability Act of 2010 ( 12 U.S.C. 5365(i)(1)(B)(i) ) is amended— (1) by striking 2 different and inserting 5 different ; and (2) by striking baseline and severely adverse and inserting baseline, adverse, severely adverse, a set of conditions that evaluates for increases in interest rates, and a set of conditions that evaluates for decreases in interest rates .