H.R. 4296 · 115th Congress
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
- Stage
- Passed a chamber
- Sponsor
- Blaine Luetkemeyer
- Introduced
- 2017-11-08
- Latest action
- 2018-02-28 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.