3.0.0 2987 2023-01-11T13:30:33Z 2023-01-11T13:30:33Z House HR 2015-07-08 114 [Congressional Record Volume 161, Number 105 (Wednesday, July 8, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEEKS:H.R. 2987.Congress has the power to enact this legislation pursuantto the following:According to Aricle I Section 8 of the U.S. Constitution,``The Congress shall have Power To . . . make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Governance of the United States, or inany Department or Office thereof.'' Under Article 1 Section 8clauses 2 and 5 of the Constitution, Congress possesses theauthority to ``borrow Money on the credit of the UnitedStates,'' and ``coin money, regulate the value thereof, andof foreign coin, and fix the standards of weights andmeasures''. Given the Congressional authorities enumeratedabove, I submit the attached legislation.[[Page H4957]][Page H4956]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2015-10-21T14:25:56Z Referred to 2015-07-08T14:02:15Z 2015-10-21 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Committee 2015-07-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-07-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-07-08 Introduced in House IntroReferral 1000 9 Library of Congress M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 N K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2015-07-08 True M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2015-07-08 True L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2015-07-08 True B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2015-07-14 False B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2015-07-14 False V000130 Rep. Vargas, Juan [D-CA-51] Juan Vargas D CA 51 2015-07-20 False S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2015-07-20 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2015-07-22 False L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2015-07-22 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2015-07-29 False M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2015-07-29 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2015-07-29 False D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2015-07-29 False C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2015-07-29 False M001191 Rep. Murphy, Patrick [D-FL-18] Patrick Murphy D FL 18 2015-07-29 False R000598 Rep. Rothfus, Keith J. [R-PA-12] Keith Rothfus R PA J. 12 2015-07-29 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2015-09-28 False S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2015-09-28 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2015-09-28 False K000386 Rep. Katko, John [R-NY-24] John Katko R NY 24 2015-09-28 False W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2015-09-28 False D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2015-09-28 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2015-09-28 False H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2015-09-28 False C001038 Rep. Crowley, Joseph [D-NY-14] JOSEPH CROWLEY D NY 14 2015-09-28 False S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2015-09-28 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2015-09-28 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2015-09-28 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2015-09-28 False D000625 Rep. Donovan, Daniel M., Jr. [R-NY-11] Daniel Donovan R NY M. 11 2015-09-28 False I000057 Rep. Israel, Steve [D-NY-3] STEVE ISRAEL D NY 3 2015-09-28 False L000480 Rep. Lowey, Nita M. [D-NY-17] NITA LOWEY D NY M. 17 2015-10-06 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2015-10-06 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2015-10-06 False P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2015-10-06 False C001092 Rep. Collins, Chris [R-NY-27] Chris Collins R NY 27 2015-10-06 False F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2015-10-20 False G000564 Rep. Gibson, Christopher P. [R-NY-19] Christopher Gibson R NY P. 19 2015-10-20 False M001185 Rep. Maloney, Sean Patrick [D-NY-18] Sean Maloney D NY Patrick 18 2015-10-20 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2015-10-20 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2015-10-20 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Securities Finance and Financial Sector 00 2015-07-08 Introduced in House 2015-10-13T18:45:53Z Community Bank Capital Clarification Act

This bill amends the Financial Stability Act of 2010 with respect to:

  • minimum leverage capital requirements and minimum risk-based capital requirements for depository institution holding companies;
  • mandatory deductions from actual capital in the calculation of such minimum capital requirements for certain investments by such institutions, especially in financial subsidiaries; and
  • the exemption from such capital deductions for the debt or equity instruments issued by certain smaller institutions.

A depository institution holding company exempted from capital deductions because it had less than $15 billion of total consolidated assets at the end of a quarterly financial reporting period after December 31, 2009, shall continue to be treated as an exempt institution as long it has total consolidated assets of less than $15 billion.

]]> Community Bank Capital Clarification Act Display Title Community Bank Capital Clarification Act Official Title as Introduced To amend the Financial Stability Act of 2010 to clarify the treatment of certain debt and equity instruments of smaller institutions for purposes of capital requirements, and for other purposes. Introduced in House IH Short Titles as Introduced Community Bank Capital Clarification Act Introduced in House 2015-07-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr2987ih/xml/BILLS-114hr2987ih.xml 2015-10-21 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.