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H.R.4296 - To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 11/08/2017)
Committees: House - Financial Services | Senate - Banking, Housing, and Urban Affairs
Committee Reports: H. Rept. 115-574
Latest Action: Senate - 02/28/2018 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.  (All Actions)
Roll Call Votes: There have been 2 roll call votes

Tracker:

This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [1]

Subject — Policy Area:

Summary: H.R.4296 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House amended (02/27/2018)

(Sec. 1) This bill specifies that a federal banking agency may not establish an operational-risk capital requirement for banking organizations unless the requirement: (1) is based on, and is appropriately sensitive to, current risks; (2) is determined under a forward-looking assessment of potential losses; and (3) allows certain adjustments.

(Sec. 2) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.