About the bill
H.R. 4296 restricts banking regulators from establishing operational risk capital requirements (the amount of money and non-cash assets banks are required to hold in reserve) for banking organizations unless they:
- Are sensitive to, and based on, an organization’s current activities or businesses;
- Are determined by a forward-looking assessment of an organization’s potential losses and not based solely on its historic losses; and
- Allow for adjustments based on qualifying operational risk mitigants.
In response to the 2008 financial crisis, the Basel Committee on Banking Supervision (Basel Committee) agreed ...
Sponsor and status
Sponsor. Representative for Missouri's 3rd congressional district. Republican.
Last Updated: Feb 28, 2018
Length: 4 pages
115th Congress, 2017–2019
This bill was introduced in a previous session of Congress and was passed by the House on February 27, 2018 but was never passed by the Senate.
What legislators are saying
“House Passes Luetkemeyer Bill to Address Misguided Capital Standards”
— Rep. Blaine Luetkemeyer [R-MO3] (Sponsor) on Feb 27, 2018
What stakeholders are saying
H.R. 4296 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
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“H.R. 4296 — 115th Congress: To place requirements on operational risk capital requirements for banking organizations established by an appropriate ...” www.GovTrack.us. 2017. October 23, 2019 <https://www.govtrack.us/congress/bills/115/hr4296>
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency, H.R. 4296, 115th Cong. (2017).
|title=H.R. 4296 (115th)
|accessdate=October 23, 2019
|author=115th Congress (2017)
|date=November 8, 2017
|quote=To place requirements on operational risk capital requirements for banking organizations established by an appropriate ...
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