Stop Basel Endgame Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 30, 2024)
Stop Basel Endgame Act
This bill requires the withdrawal of the proposed rule titled Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity. The proposed rule revises bank capital requirements and calculations, including by requiring banks to replace their use of internal credit risk models with a standardized approach generally in line with international standards set by the Basel Committee on Banking Supervision. The rule was proposed on September 18, 2023, by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation.
What just happenedJan 30, 2024
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJan 30, 2024
- Jan 30, 2024IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jan 30, 2024IntroReferralIntro-H
Introduced in House
- Jan 30, 2024IntroReferral1000
Introduced in House