S.2102 - A bill to clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act.113th Congress (2013-2014)
|Sponsor:||Sen. Collins, Susan M. [R-ME] (Introduced 03/10/2014)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||03/11/2014 Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. (All Actions)|
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Summary: S.2102 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (03/10/2014)
Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act with respect to establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System.
Declares that the appropriate federal banking agencies shall not be required to subject to such minimum requirements any person, to the extent that person acts in its capacity as a regulated insurance entity, if it is regulated by a state insurance regulator or is a regulated foreign subsidiary (or a regulated foreign affiliate of such subsidiary) engaged in the business of insurance.