CONGRESS FOR VOTERS

DemocratBill · H.R. 7888· House(119-HR-7888)

Closing the Enhanced Prudential Standards Loophole Act

Rep. Waters
Age: 88 years
California
Introduced
3/9/2026
Last activity
3/9/2026 — Referred to the House Committee on Financial Services.
Sponsored by
Maxine Waters
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Closing the Enhanced Prudential Standards Loophole Act," aims to amend the Financial Stability Act of 2010. It seeks to extend enhanced supervision and prudential standards to large banks that do not have a bank holding company. The legislation ensures these banks are treated similarly to bank holding companies regarding total consolidated assets. This change would apply specific provisions of section 165 of the Financial Stability Act of 2010.

Yes· 3 of 5

  • Does this make the government pay for what it commits to?+3

    The bill increases financial oversight of large banks to mitigate systemic risks to the economy.

  • Does this give people more protection from unfair business practices?+2

    Applying enhanced prudential standards to large banks helps protect consumers from the fallout of banking failures.

  • Would households on low incomes be better off under this?+1

    Increased bank regulation can contribute to greater financial stability for low-income depositors.

The opposite· 3 of 5

  • Would high-income households be better off under this?-1

    Increased regulatory compliance may increase costs for large financial institutions.

  • Would business owners be better off under this?-1

    The bill imposes additional regulatory burdens on large banks that do not have a holding company structure.

  • Would people with substantial wealth be better off under this?-1

    The bill increases the regulatory and compliance requirements for large-scale financial operations.