H.R.2987 - Community Bank Capital Clarification Act114th Congress (2015-2016)
|Sponsor:||Rep. Meeks, Gregory W. [D-NY-5] (Introduced 07/08/2015)|
|Committees:||House - Financial Services|
|Latest Action:||House - 10/21/2015 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2987 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (07/08/2015)
Community Bank Capital Clarification Act
This bill amends the Financial Stability Act of 2010 with respect to:
- minimum leverage capital requirements and minimum risk-based capital requirements for depository institution holding companies;
- mandatory deductions from actual capital in the calculation of such minimum capital requirements for certain investments by such institutions, especially in financial subsidiaries; and
- the exemption from such capital deductions for the debt or equity instruments issued by certain smaller institutions.
A depository institution holding company exempted from capital deductions because it had less than $15 billion of total consolidated assets at the end of a quarterly financial reporting period after December 31, 2009, shall continue to be treated as an exempt institution as long it has total consolidated assets of less than $15 billion.