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H.R. 4296 (115th): 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
Introduced
Nov 8, 2017
115th Congress, 2017–2019
Status
Died in a previous Congress

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.

Source

Position statements

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-MP0] on Mar 5, 2018

VIDEO: Rep. Tulsi Gabbard Opposed Legislation that Rolls Back Wall Street Regulations
    — Rep. Tulsi Gabbard [D-HI2] on Feb 27, 2018

More statements at ProPublica Represent...

What stakeholders are saying

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

History

Nov 8, 2017
 
Introduced

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.

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. July 20, 2019 <https://www.govtrack.us/congress/bills/115/hr4296>

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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.