H.R. 2547 · 113th Congress
Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CapitoSponsor12 cosponsors · 2 D, 10 R
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Meeks
BH
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Huizenga
FL
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Lucas
GM
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Miller
PM
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Murphy
SP
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Pearce
RP
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Pittenger
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King
SP
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Palazzo
SW
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Womack
TG
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Griffin
TC
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Cotton1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013 - Directs the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (federal banking agencies) to conduct an empirical impact study before issuing a…
What it does: CRS summary · Introduced in House · Jun 27, 2013
Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013 - Directs the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (federal banking agencies) to conduct an empirical impact study before issuing a final rule in relation to proposed regulatory capital rules for the international Basel III agreement (Rules).
Requires the study to include: (1) the potential impact of such Rules upon the U.S. financial services sector, specifically community, mid-size, and regional financial institutions; (2) the long-term impact of such Rules, including changes to the current risk weight framework; (3) the cost and complexity of the Rules for community financial institutions; (4) the potential indicators of community banks having to maintain higher leverage capital ratios and higher total risk-based capital ratios than non-community banks and whether such capital levels are commensurate with higher historical losses or greater risk; and (5) the impact of the Rules upon real estate markets, specifically residential mortgage lending and home equity lines of credit.
Exempts this delay in rulemaking any rules applicable to global systemically important banks (as identified by the Financial Stability Board).
Allows any financial institution to provide information for the study voluntarily upon agency request, but prohibits the agencies from requiring it.
Requires the study to be made available to the public for notice and comment.
Prohibits any regulation issued by the federal banking agencies to implement the Rules from taking effect until one year after enactment of this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013
Latest action (Jun 27, 2013): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 27, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.