mr. lukemeyer. the bill reforms what many now agree was a flawed and arbitrary framework, used by regulators in the dodd/frank act to designate systemically important financial institutions, known by their acronyms. it's important to remember that designation anoint the institutions as too big to fail. the current designation subjects any bank with 50 billion or more in assets to the same costly and cumbersome standards as trillion dollar globally systemically important institutions. mr. lukemeyer's bipartisan bill again supported by a majority of democrats in our committee, replaces this inflexible $50 billion threshold, with a series of well established standards that more accurately measure systemic importance. more specifically, this legislation requires the federal reserve to review a financial institutions size. it's interconnectedness, and it's complexity, before determining wraej that insti tusz should be subject to heightened sify regulated -- regulatory standards. in other words, it taylor