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)
|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|
|Committee Prints:||H.Prt. 115-60|
|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|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.4296 — 115th Congress (2017-2018)All Information (Except Text)
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.