Community Bank Capital Clarification Act
Latest action · Oct 21, 2015 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 8, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Community Bank Capital Clarification Act
This bill amends the Financial Stability Act of 2010 with respect to:
- minimum leverage capital requirements and minimum risk-based capital requirements for depository institution holding companies;
- mandatory deductions from actual capital in the calculation of such minimum capital requirements for certain investments by such institutions, especially in financial subsidiaries; and
- the exemption from such capital deductions for the debt or equity instruments issued by certain smaller institutions.
A depository institution holding company exempted from capital deductions because it had less than $15 billion of total consolidated assets at the end of a quarterly financial reporting period after December 31, 2009, shall continue to be treated as an exempt institution as long it has total consolidated assets of less than $15 billion.
Cosponsors 41
Members who signed on, in the order they did. Signatures ran from Jul 8, 2015 to Oct 20, 2015; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Blaine Luetkemeyer | Original | Jul 8, 2015 |
| D-NY | Carolyn B. Maloney | Original | Jul 8, 2015 |
| R-NY | Peter T. King | Original | Jul 8, 2015 |
| R-KY | Andy Barr | Jul 14, 2015 | |
| D-OH | Joyce Beatty | Jul 14, 2015 | |
| D-CA | Juan Vargas | Jul 20, 2015 | |
| I-AZ | Kyrsten Sinema | Jul 20, 2015 | |
| R-MO | Ann Wagner | Jul 22, 2015 | |
| R-OK | Frank D. Lucas | Jul 22, 2015 | |
| R-FL | Dennis A. Ross | Jul 29, 2015 | |
| D-MD | John K. Delaney | Jul 29, 2015 | |
| R-PA | Keith J. Rothfus | Jul 29, 2015 | |
| D-MA | Michael E. Capuano | Jul 29, 2015 | |
| R-SC | Mick Mulvaney | Jul 29, 2015 | |
| D-FL | Patrick Murphy | Jul 29, 2015 | |
| R-NC | Robert Pittenger | Jul 29, 2015 | |
| D-CA | Brad Sherman | Sep 28, 2015 | |
| R-NY | Daniel M. Donovan, Jr. | Sep 28, 2015 | |
| D-WA | Denny Heck | Sep 28, 2015 | |
| R-NY | Elise M. Stefanik | Sep 28, 2015 | |
| R-NY | John Katko | Sep 28, 2015 | |
| D-NY | Joseph Crowley | Sep 28, 2015 | |
| D-MN | Keith Ellison | Sep 28, 2015 | |
| R-IN | Luke Messer | Sep 28, 2015 | |
| R-IL | Robert J. Dold | Sep 28, 2015 | |
| R-TX | Roger Williams | Sep 28, 2015 | |
| D-TX | Ruben Hinojosa | Sep 28, 2015 | |
| D-NY | Steve Israel | Sep 28, 2015 | |
| R-OH | Steve Stivers | Sep 28, 2015 | |
| R-MN | Tom Emmer | Sep 28, 2015 | |
| D-MO | Wm. Lacy Clay | Sep 28, 2015 | |
| R-NY | Chris Collins | Oct 6, 2015 | |
| D-WI | Gwen Moore | Oct 6, 2015 | |
| D-OH | Marcy Kaptur | Oct 6, 2015 | |
| D-NY | Nita M. Lowey | Oct 6, 2015 | |
| R-NM | Stevan Pearce | Oct 6, 2015 | |
| R-NY | Christopher P. Gibson | Oct 20, 2015 | |
| D-CO | Ed Perlmutter | Oct 20, 2015 | |
| D-OH | Marcia L. Fudge | Oct 20, 2015 | |
| D-NY | Sean Patrick Maloney | Oct 20, 2015 | |
| D-AL | Terri A. Sewell | Oct 20, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 8, 2015 |
| Consumer Protection and Financial Institutions Subcommittee | Hearings Oct 21, 2015 |
Actions 3
Everything that happened, newest first.
- Oct 21, 2015Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
- Jul 8, 2015Introduced in House
- Jul 8, 2015Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 105, July 8, 2015, pages H4957, H4956.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 114-55 | EXAMINING LEGISLATIVE PROPOSALS TO REDUCE REGULATORY BURDENS ON MAIN STREET JOB CREATORS79 pages | Financial Services Committee | Oct 21, 2015 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Financial Stability Act of 2010 to clarify the treatment of certain debt and equity instruments of smaller institutions for purposes of capital requirements, and for other purposes.
- Short Titles as Introduced
- Community Bank Capital Clarification Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 8, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
