To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

United States115th CongressHR-4296House of Representatives
Updated: Feb 28, 2018

Summary

(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.

Bill texts

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Timeline

  1. On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88).

    House of Representatives

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  2. On passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308)

    House of Representatives

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  3. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  4. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate