H.R. 1226 · 109th Congress
United States Financial Policy Committee For Fair Capital Standards Act
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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BachusSponsor39 cosponsors · 13 D, 26 R
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Baker
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Biggert
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Brown-Waite
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Castle
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Capuano
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Crowley
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Clay
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Ford
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Frank
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Fitzpatrick
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Gillmor
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Gutiérrez
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Gerlach
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Jones
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Kanjorski
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Leach
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Maloney
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Manzullo
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Neugebauer
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Oxley
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Pryce
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Paul
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Ryun
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Velázquez
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McCarthy
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Hooley
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Davis
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LaTourette
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Shays
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Cleaver
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King
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Fossella
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Royce
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Feeney
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Kennedy
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McHenry
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Garrett24 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
United States Financial Policy Committee For Fair Capital Standards Act - Establishes the United States Financial Policy Committee as an inter-agency committee composed of: (1) the Secretary of the Treasury, who shall serve as the Chairperson of the Committee; (2) the Chairman of the Board of Governors of the Federal Reserve System; (3) the Comptroller of…
What it does: CRS summary · Introduced in House · Mar 10, 2005
United States Financial Policy Committee For Fair Capital Standards Act - Establishes the United States Financial Policy Committee as an inter-agency committee composed of: (1) the Secretary of the Treasury, who shall serve as the Chairperson of the Committee; (2) the Chairman of the Board of Governors of the Federal Reserve System; (3) the Comptroller of the Currency; (4) the Chairperson of the Federal Deposit Insurance Corporation; and (5) the Director of the Office of Thrift Supervision.
Directs the Committee to develop uniform U.S. positions on proposals made to, and issues before, the Basel Committee on Banking Supervision that, if implemented, may directly or indirectly affect United States financial institutions.
Requires the Committee to meet before any meeting of the Basel Committee that is related to, or is expected to involve, a discussion of capital standards.
Prohibits a member Federal banking agency from agreeing to any proposed recommendation of the Basel Committee before the agency reports on it to Congress.
Requires the Federal member banking agencies to employ prescribed criteria in their evaluation of the impact of any revised Basel capital accord.
Amends the International Lending Supervision Act of 1983 to add the Director of the Office of Thrift Supervision as one of the four Federal bank regulatory and supervisory agencies on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: United States Financial Policy Committee For Fair Capital Standards Act
Latest action (Mar 10, 2005): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 10, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.