# 119-hr-7888: Closing the Enhanced Prudential Standards Loophole Act

119-hr-7888, Closing the Enhanced Prudential Standards Loophole Act, is a 119th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7888
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7888
- Congress: 119
- Title: Closing the Enhanced Prudential Standards Loophole Act
- Status: introduced
- Introduced: 2026-03-09
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would extend enhanced supervision and prudential standards to large banks that do not have a bank holding company.** It closes a regulatory gap by applying oversight based on a bank's total consolidated assets rather than whether it has a holding company. - Standalone large banks: Banks without a bank holding company that have the same total consolidated assets as covered bank holding companies would be subject to the same Section 165 enhanced supervision and prudential requirements. This brings similarly sized standalone banks into parity with holding‑company banks. - Regulators: Agencies would apply the existing Section 165 framework to a broader set of banks. The text does not add new funding, phase‑in periods, or extra enforcement tools beyond the current law. - Financial stability and customers: By closing this loophole the bill aims to reduce uneven oversight among similarly sized institutions and align regulatory treatment across the banking sector.

## Provisions PRIA read

- Stricter rules for standalone banks: mixed, high. This bill would apply the enhanced supervision and prudential standards in Section 165 to banks that do not have a bank holding company. It would apply when a standalone bank has the same amount of total consolidated assets as a bank holding company. If enacted, comparable standalone banks would fa…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6771: Housing Crisis Response Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hres-1299: Providing for the concurrence by the House in the Senate amendment to H.R. 6644, with amendment.
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026

## Sources
- [119-hr-7888 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7888)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6771: Housing Crisis Response Act of 2025](https://policyrisk.com/legislation/119-hr-6771)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hres-1299: Providing for the concurrence by the House in the Senate amendment to H.R. 6644…](https://policyrisk.com/legislation/119-hres-1299)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7888 (as of 2026-04-21).