Bill > HR2547

This bill, titled the Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013, mandates that federal banking agencies, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, conduct a comprehensive empirical study before finalizing any rules related to the international Basel III agreement, which sets global standards for bank capital requirements. This study must specifically examine the impact of these Basel III Rules on community, mid-size, and regional financial institutions in the United States, including potential changes to required capital levels, the cost and complexity for smaller banks, and the effects on real estate markets and mortgage lending. The bill exempts rules for global systemically important banks from this delay, allows financial institutions to voluntarily participate in the study, and requires the agencies to make the study's findings public for comment before submitting a report to Congress and potentially issuing new rules, with an additional comment period for any subsequent rulemaking. Importantly, any regulation implementing the general risk-based capital requirements of Basel III cannot take effect for one year after the bill's enactment.