HR 6127
Risk-Based Credit Examination Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Risk-Based Credit Examination Act, aims to give the Securities and Exchange Commission’s Office of Credit Ratings more flexibility in how they examine Nationally Recognized Statistical Rating Organizations (NRSROs). Currently, examinations are conducted in a standardized way, but this legislation allows the Office to focus its review on the most important and potentially risky areas within an NRSRO’s operations. The goal is to improve the effectiveness of these examinations and better assess the risks associated with credit ratings.
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