The Federal Reserve has also supported increases in various statutory thresholds in the DoddFrank Act to more narrowly focus financial stability reforms on larger banking firms. For example, we believe that small banking organizations could be exempted from the Volcker rule and from the incentive compensation requirements of the Dodd-Frank Act.
We also would support an increase in the $ billion Dodd-Frank Act asset threshold for company-run stress tests and risk committee requirements, and in the $ billion threshold for enhanced prudential standards under section 165 of the Dodd-Frank Act.