Section 318 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) directs the Board of Governors of the Federal Reserve System (Board) to collect assessments, fees, or other charges (assessments) from bank holding companies (BHCs) and savings and loan holding companies (SLHCs) with $50 billion or more in total consolidated assets, and from nonbank financial companies designated by the Financial Stability Oversight Council pursuant to section 113 of the Dodd-Frank Act for supervision by the Board (collectively, "assessed companies") equal to the expenses the Board estimates are necessary or appropriate to carry out its supervision and regulation of those companies. In 2018, Section 401(c) of the Economic Growth, Regulatory Relief, and Consumer Protection Act raised the size threshold for assessments for BHCs and SLHCs from $50 billion to $100 billion in total consolidated assets.

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Last Update: December 02, 2020