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
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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Civic Impulse. (2018). H.R. 4296 — 115th Congress: To place requirements on operational risk capital requirements for banking organizations established by an appropriate ... Retrieved from https://www.govtrack.us/congress/bills/115/hr4296
“H.R. 4296 — 115th Congress: To place requirements on operational risk capital requirements for banking organizations established by an appropriate ...” www.GovTrack.us. 2017. April 20, 2018 <https://www.govtrack.us/congress/bills/115/hr4296>
|title=H.R. 4296 (115th)
|accessdate=April 20, 2018
|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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