Date: November 30, 2016
To: U.S. House of Representatives
Filing Type: Hill letter
Description: The U.S. Chamber of Commerce supports H.R. 6392, the “Systemic Risk Designation Improvement Act of 2016.” H.R. 6392 would implement necessary process improvements to the Systemically Important Financial Institution (SIFI) designation process for bank holding companies by requiring the Financial Stability Oversight Council (FSOC) to undergo the same designation process for bank holding companies as nonbanks.