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H.R. 7888

U.S. House•In House Committee

Summary

H.R. 7888, the Closing the Enhanced Prudential Standards Loophole Act, was introduced in the House on Mar 9, 2026 by Rep. Maxine Waters (D). It was referred to Financial Services, and last saw action on Mar 9, 2026: Referred to the House Committee on Financial Services.

Record

Text

H.R. 7888 has no co-sponsors and has not gone to a roll call.

hb7888/introduced-in-house.txt
119 HR 7888 IH: Closing the Enhanced Prudential Standards Loophole Act
 U.S. House of Representatives
 2026-03-09
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7888  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.
1.
Short title
This Act may be cited as the   Closing the Enhanced Prudential Standards Loophole Act  .
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.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-03-09
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

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.

Sponsors

Rep. Maxine Waters (D) sponsors H.R. 7888 alone.

Committees

H.R. 7888 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Mar 9, 2026 · 559 Bills

Actions

H.R. 7888 has taken 2 actions since Mar 9, 2026.

ChamberAction
Mar 9, 2026
House
Introduced in House
Mar 9, 2026
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 7888 has not gone to a roll call.

Titles

H.R. 7888 goes by 3 titles, 1 of them short titles.

  • Closing the Enhanced Prudential Standards Loophole Act — Display Title
  • Closing the Enhanced Prudential Standards Loophole Act — Short Title(s) as Introduced
  • 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. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 7888 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7888’s is Finance and Financial Sector.

hr7888/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7888, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 43 (Monday, March 9, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WATERS:H.R. 7888.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, cl. 1, To pay debts and provide forthe common Defense and General Welfare of the United States.Article I, Section 8 cl. 3, To regulate Commerce withForeign Nations, Among the Several States, and with theIndian Tribes.Article I, Section 8, cl. 18, To make all laws which shallbe necessary and proper for carrying into Execution thepowers enumerated under section 8 and all other Powers vestedby the Constitution in the Government of the United States,or in any Department or Officer thereof.[Page H2477]

Source: congress.gov · legiscan.com