The law also exempts bank holding companies with $ billion to $ billion in assets from enhanced prudential standards and exempts banks with less than $ billion in assets from future stress testing.
The lifting of this threshold importantly allows the Federal Reserve to tailor its rules for these firms moving forward while retaining the ability to protect the safety and soundness of the system. I mentioned steps related to Call Report streamlining, and the legislation addresses this topic also, allowing reduced Call Report requirements for certain banks with less than $ billion in assets.