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 to modify internationally negotiated bank regulatory standards known as the Basel Accords to increase bank capital requirements. The Basel Accords are international banking regulations negotiated between participating regulators, but they rely on local implementation to take effect in a nation’s financial regulatory regime. …
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.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
2 Cosponsors (1 Republican, 1 Democrat)
What legislators are saying
“House Passes Luetkemeyer Bill to Address Misguided Capital Standards”
— Rep. Blaine Luetkemeyer [R-MO3] (Sponsor) on Feb 27, 2018
“THIS WEEK IN CONGRESS - Making the case to raise the cap”
— Rep. Gregorio Sablan [D-MP] on Mar 5, 2018
“VIDEO: Rep. Tulsi Gabbard Opposed Legislation that Rolls Back Wall Street Regulations”
— Rep. Tulsi Gabbard [D-HI2, 2013-2020] on Feb 27, 2018
More statements at ProPublica Represent...
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.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4296. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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GovTrack.us. (2023). 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. March 29, 2023 <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=March 29, 2023
|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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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.