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H.R. 4296: To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

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About the bill

Source: Republican Policy Committee

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

Blaine Luetkemeyer

Sponsor. Representative for Missouri's 3rd congressional district. Republican.

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Last Updated: Feb 28, 2018
Length: 4 pages

Nov 8, 2017


Passed House (Senate next) on Feb 27, 2018

This bill passed in the House on February 27, 2018 and goes to the Senate next for consideration.


3% chance of being enacted according to Skopos Labs (details)

What stakeholders are saying

Institute for Spending Reform: estimates H.R. 4296 will add $26 million in new spending through 2027.


Nov 8, 2017

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Nov 14, 2017
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Nov 15, 2017
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Feb 23, 2018
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Feb 27, 2018
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

If this bill has further action, the following steps may occur next:
Passed Senate

Signed by the President

H.R. 4296 is 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.

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“H.R. 4296 — 115th Congress: To place requirements on operational risk capital requirements for banking organizations established by an appropriate ...” 2017. December 16, 2018 <>

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