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
Text: H.R.4296 — 115th Congress (2017-2018)All Information (Except Text)
Text available as:
Referred in Senate (02/28/2018)
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
(1) is based primarily on the risks posed by a banking organization’s current activities and businesses;
(2) is appropriately sensitive to the risks posed by such current activities and businesses;
(3) is determined under a forward-looking assessment of potential losses that may arise out of a banking organization’s current activities, businesses, and exposures, which is not solely based on a banking organization’s historical losses; and
(4) permits adjustments based on qualifying operational risk mitigants.
(A) has the meaning given such term under section 3 of the Federal Deposit Insurance Act; and
(B) means the National Credit Union Administration, in the case of an insured credit union.
(A) an insured depository institution (as defined under section 3 of the Federal Deposit Insurance Act);
(B) an insured credit union (as defined under section 101 of the Federal Credit Union Act);
(C) a depository institution holding company (as defined under section 3 of the Federal Deposit Insurance Act);
(D) a company that is treated as a bank holding company for purposes of section 8 of the International Banking Act; and
(E) a U.S. intermediate holding company established by a foreign banking organization pursuant to section 252.153 of title 12, Code of Federal Regulations.
(a) In general.—Section 7(a)(3)(A) of the Federal Reserve Act (12 U.S.C. 289(a)(3)(A)) is amended by striking “$7,500,000,000” and inserting “$7,468,571,428”.
(b) Effective date.—Subsection (a) shall take effect on May 1, 2018.
Passed the House of Representatives February 27, 2018.
|Attest:||karen l. haas,|