To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
USA115th CongressHR-4296| House
| Updated: 2/28/2018
Blaine Luetkemeyer
Republican Representative
Missouri
Cosponsors (2)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
(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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 43 - 17.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 434.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574.
Rules Committee Resolution H. Res. 747 Reported to House. Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
Considered under the provisions of rule H. Res. 747. (consideration: CR H1308-1317)
Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
DEBATE - The House proceeded with one hour of debate on H.R. 4296.
The previous question was ordered pursuant to the rule.
Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H1314-1315)
DEBATE - The House proceeded with 10 minutes of debate on the Waters(CA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add an exemption to the underlying bill for any global systematically important bank holding company or subsidiary that has engaged in a pattern or practice of unsafe or unsound banking practices related to consumer harm.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88).
View VoteOn passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Bank accounts, deposits, capitalFederal Reserve System
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
USA115th CongressHR-4296| House
| Updated: 2/28/2018
(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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 43 - 17.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 434.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574.
Rules Committee Resolution H. Res. 747 Reported to House. Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
Considered under the provisions of rule H. Res. 747. (consideration: CR H1308-1317)
Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
DEBATE - The House proceeded with one hour of debate on H.R. 4296.
The previous question was ordered pursuant to the rule.
Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H1314-1315)
DEBATE - The House proceeded with 10 minutes of debate on the Waters(CA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add an exemption to the underlying bill for any global systematically important bank holding company or subsidiary that has engaged in a pattern or practice of unsafe or unsound banking practices related to consumer harm.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88).
View VoteOn passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Blaine Luetkemeyer
Republican Representative
Missouri
Cosponsors (2)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- HRES 115-747: Providing for consideration of the bill (H.R. 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.R. 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.
- HR 115-10: Financial CHOICE Act of 2017
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalFederal Reserve System