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H.R. 2295 (113th): Basel III CASE Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

6/6/2013--Introduced. Basel III Commonsense Approach for Small Entities Act or Basel III CASE Act - Directs the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency, before issuing any final rule in relation to proposals they have issued for the International Basel III agreement on general risk-based capital requirements, to conduct an empirical study that includes: (1) a quantitative analysis of the rule's impact on the U.S. financial services sector, specifically community, mid-size, and regional financial institutions; and (2) a determination of the long-term impact of the rule, including changes to the current risk weight framework.

Permits a financial institution to provide information voluntarily for the study upon agency request, but prohibits agencies from requiring such information.

Requires the study to be made available to the public for notice and comment.