H.R. 8287 requires the Federal Reserve's Board of Governors to establish rules for the stress capital buffer requirements, which are financial thresholds banks must meet to ensure they can survive economic stress. The bill mandates that any changes to these rules must go...
Simple Explanation
H.R. 8287 is like a rule that tells a group of people in charge of banks (the Federal Reserve) to make sure banks have enough money to be safe, even if things get tough. It also says they can't check how non-bank companies prepare for things related to weather changes, and someone must check every few years if these rules are working well.