Union Calendar No. 434
115th CONGRESS 2d Session |
[Report No. 115–574]
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
November 8, 2017
Mr. Luetkemeyer (for himself and Mr. Meeks) introduced the following bill; which was referred to the Committee on Financial Services
February 23, 2018
Additional sponsor: Mr. Sessions
February 23, 2018
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on November 8, 2017]
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Operational risk capital requirements for banking organizations.
(a) In general.—An appropriate Federal banking agency may not establish an operational risk capital requirement for banking organizations, unless such requirement—
(1) is based primarily on the risks posed by a banking organization’s current activities and businesses;
(b) Definitions.—For purposes of this section:
(2) BANKING ORGANIZATION.—The term “banking organization” means—
(A) an insured depository institution (as defined under section 3 of the Federal Deposit Insurance Act);
(C) a depository institution holding company (as defined under section 3 of the Federal Deposit Insurance Act);
Union Calendar No. 434 | |||||
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[Report No. 115–574] | |||||
A BILL | |||||
To place requirements on operational risk capital requirements for banking organizations
established by an appropriate Federal banking agency. | |||||
February 23, 2018 | |||||
Reported with an amendment, committed to the Committee of the Whole House on the State of the
Union, and ordered to be printed |