Increases the Office of Credit Ratings’ discretion during reviews of statistical rating organizations.
Risk-Based Credit Examination Act
This bill amends the Securities Exchange Act of 1934 to provide the Securities and Exchange Commission’s Office of Credit Ratings with discretion concerning reviewable matters during its annual examination of nationally recognized statistical rating organizations.
Original sponsor: Rep. Wagner, Ann [R-MO-2]
Cosponsors: Rep. Foster, Bill [D-IL-11]
Passed House: http://clerk.house.gov/evs/2017/roll615.xml