Bill
Bill > HRes747
US HRes747
US HRes747Providing for consideration of the bill (H.B. 4296) to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency, and providing for consideration of the bill (H.B. 4607) to amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to ensure that Federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on co
summary
Introduced
02/26/2018
02/26/2018
In Committee
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Providing for consideration of the bill (H.B. 4296) to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency, and providing for consideration of the bill (H.B. 4607) to amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to ensure that Federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons, and for other purposes. Sets forth the rule for consideration of the bill (H.B. 4296) to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency, and providing for consideration of the bill (H.B. 4607) to amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to ensure that Federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons.
AI Summary
This Resolution sets forth the rules for considering two bills in the House of Representatives. First, it allows for the consideration of H.R. 4296, which aims to establish requirements for operational risk capital, meaning the amount of money banks must hold to cover potential losses from their day-to-day operations, as determined by federal banking agencies. Second, it allows for the consideration of H.R. 4607, which would amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to ensure that federal financial regulators thoroughly review existing regulations to find and remove any that are outdated or no longer necessary for "covered persons," which refers to entities subject to these regulations. For both bills, the Resolution waives certain procedural objections that could prevent them from being considered or amended, allows for specific substitute amendments to be adopted, limits debate time, and permits only one motion to recommit the bill back to committee.
Sponsors (1)
Last Action
Motion to reconsider laid on the table Agreed to without objection. (on 02/27/2018)
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