Congress 115 - HR 4296 - To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

Sponsor

Rep. Blaine Luetkemeyer (R-MO)

Cosponsors

Topics

Bank accounts, deposits, capital Federal Reserve System Finance and Financial Sector

Full Text

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Votes

Summary

(Sec. 1) This bill specifies that a federal banking agency may not establish an operational-risk capital requirement for banking organizations unless the requirement: (1) is based on, and is appropriately sensitive to, current risks; (2) is determined under a forward-looking assessment of potential losses; and (3) allows certain adjustments.

(Sec. 2) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

Actions

Feb 28, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 27, 2018

Motion to reconsider laid on the table Agreed to without objection.
Feb 27, 2018

On passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308)
Feb 27, 2018

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89).(text of amendment in the nature of a substitute: CR H1308)
Feb 27, 2018

On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88).
Feb 27, 2018

The previous question on the motion to recommit with instructions was ordered without objection.
Feb 27, 2018

DEBATE - The House proceeded with 10 minutes of debate on the Waters(CA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add an exemption to the underlying bill for any global systematically important bank holding company or subsidiary that has engaged in a pattern or practice of unsafe or unsound banking practices related to consumer harm.
Feb 27, 2018

Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H1314-1315)
Feb 27, 2018

The previous question was ordered pursuant to the rule.
Feb 27, 2018

DEBATE - The House proceeded with one hour of debate on H.R. 4296.
Feb 27, 2018

Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
Feb 27, 2018

Considered under the provisions of rule H. Res. 747. (consideration: CR H1308-1317)
Feb 26, 2018

Rules Committee Resolution H. Res. 747 Reported to House. Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
Feb 23, 2018

Placed on the Union Calendar, Calendar No. 434.
Feb 23, 2018

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574.
Nov 15, 2017

Ordered to be Reported by the Yeas and Nays: 43 - 17.
Nov 15, 2017

Committee Consideration and Mark-up Session Held.
Nov 8, 2017

Referred to the House Committee on Financial Services.
Nov 8, 2017

Introduced in House

Amendments

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