Bill
Bill > HR4296
US HR4296
US HR4296To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
summary
Introduced
11/08/2017
11/08/2017
In Committee
11/15/2017
11/15/2017
Crossed Over
02/28/2018
02/28/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency. (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.
AI Summary
This bill specifies that a federal banking agency may not establish an operational-risk capital requirement for banking organizations (which includes insured depository institutions, insured credit unions, depository institution holding companies, and certain foreign banking organizations) unless the requirement is based on and sensitive to current risks, determined using a forward-looking assessment of potential losses, and allows for certain adjustments. Additionally, the bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (3)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/28/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...