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Bill115th CongressFiled Nov 8, 2017Finance and Financial Sector
H.R. 4296

To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Feb 27, 2018)

(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.

What just happenedFeb 28, 2018

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

Who’s behind it

Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors2committees21actions1amendments2related bills2subjects
  1. Feb 28, 2018IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Feb 27, 2018FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Feb 27, 2018FloorH37100

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

  4. Feb 27, 2018Floor8000

    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)

  5. Feb 27, 2018FloorH36110

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

  6. Feb 27, 2018FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection.

  7. Feb 27, 2018FloorH8D000

    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.

  8. Feb 27, 2018FloorH36100

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

    Financial Services Committee
  9. Feb 27, 2018FloorH35000

    The previous question was ordered pursuant to the rule.

  10. Feb 27, 2018FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 4296.

  11. Feb 27, 2018FloorH8D000

    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.

  12. Feb 27, 2018FloorH30000

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

  13. Feb 26, 2018FloorH1L210

    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.

  14. Feb 23, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 434.

  15. Feb 23, 2018CommitteeH12200

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

    Financial Services Committee
  16. Feb 23, 2018Committee5000

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

    Financial Services Committee
  17. Nov 15, 2017Committee

    Ordered to be Reported by the Yeas and Nays: 43 - 17.

    Financial Services Committee
  18. Nov 15, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  19. Nov 8, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  20. Nov 8, 2017IntroReferralIntro-H

    Introduced in House

  21. Nov 8, 2017IntroReferral1000

    Introduced in House

Passed House amendedFeb 27, 201836

(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.

Reported to House with amendment(s)Feb 23, 201817

(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.

Introduced in HouseNov 8, 2017

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.

To place requirements on operational risk capital requirements for banking organizations e… — Informed