The banks that have to adhere to a resolution plan include bank-holding companies with total consolidated assets of $50 billion or more and non-bank financial companies designated by the Financial Stability Oversight Council. Big banks that have not met the standards of Section 165(d) of the Dodd-Frank Act are Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo. The banks have been given a deadline of October 1, 2016, failing which they may face "stringent prudential requirements."