3.0.0 4296 2023-01-11T13:38:04Z 2023-01-11T13:38:04Z House HR 2017-11-08 115 [Congressional Record Volume 163, Number 182 (Wednesday, November 8, 2017)][Pages H8661-H8662]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 4296.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe explicit power of Congress to regulate commerce in andamong the states, as enumerate in Article 1, Section 8,Clause[[Page H8662]]3, the Commerce Clause, of the United States Constitution.]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2018-02-28T18:58:52Z hsba00 Financial Services Committee House Standing Reported by 2018-02-23T15:45:14Z Markup by 2017-11-15T22:34:56Z Referred to 2017-11-08T15:00:36Z H. Rept. 115-574 Financial CHOICE Act of 2017 115 10 HR 2017-07-13 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. Related bill CRS Providing for consideration of the bill (H.R. 4296) to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency, and providing for consideration of the bill (H.R. 4607) to amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to ensure that Federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons, and for other purposes. 115 747 HRES 2018-02-27 Motion to reconsider laid on the table Agreed to without objection. 14:06:42 Related bill House Procedurally-related House 2018-02-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-02-27 17:38:53 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2018-02-27 17:38:52 On passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308) Floor H37100 2 House floor actions 89 https://clerk.house.gov/evs/2018/roll089.xml House 115 2018-02-27T22:38:52Z 2 2018-02-27 17:38:52 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) Floor 8000 9 Library of Congress 89 https://clerk.house.gov/evs/2018/roll089.xml House 115 2018-02-27T22:38:52Z 2 2018-02-27 17:30:00 On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88). Floor H36110 2 House floor actions 88 https://clerk.house.gov/evs/2018/roll088.xml House 115 2018-02-27T22:30:00Z 2 2018-02-27 17:02:22 The previous question on the motion to recommit with instructions was ordered without objection. Floor H8A000 2 House floor actions 2018-02-27 16:54:46 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. Floor H8D000 2 House floor actions 2018-02-27 16:54:23 Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H1314-1315) Floor H36100 2 House floor actions hsba00 Financial Services Committee 2018-02-27 16:53:49 The previous question was ordered pursuant to the rule. Floor H35000 2 House floor actions 2018-02-27 15:53:41 DEBATE - The House proceeded with one hour of debate on H.R. 4296. Floor H8D000 2 House floor actions 2018-02-27 15:51:57 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. Floor H8D000 2 House floor actions 2018-02-27 15:51:52 Considered under the provisions of rule H. Res. 747. (consideration: CR H1308-1317) Floor H30000 2 House floor actions 2018-02-26 19:21:28 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. Floor H1L210 2 House floor actions 2018-02-23 Placed on the Union Calendar, Calendar No. 434. Calendars H12410 2 House floor actions U00434 2018-02-23 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2018-02-23 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-11-15 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 43 - 17. Committee 2017-11-15 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-11-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-11-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-11-08 Introduced in House IntroReferral 1000 9 Library of Congress L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2017-11-08 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2018-02-15 False 2018-02-22T21:01:00Z H.R. 4296, a bill to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency https://www.cbo.gov/publication/53609 As ordered reported by the House Committee on Financial Services on November 15, 2017 Finance and Financial Sector Bank accounts, deposits, capital Federal Reserve System Finance and Financial Sector 00 2017-11-08 Introduced in House 2018-02-22T15:32:43Z 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.

]]> 17 2018-02-23 Reported to House with amendment(s) 2018-03-01T20:46:05Z (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.

]]> 36 2018-02-27 Passed House amended 2018-03-05T16:51:16Z (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.

]]> To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency. Display Title To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency. Official Title as Introduced To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency. 528 115 HAMDT Pursuant to the provisions of H.Res. 748, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-60, modified by the amendment printed in Part A of the Rules Committee report, shall be considered as adopted. Pursuant to the provisions of H.Res. 748, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-60, modified by the amendment printed in Part A of the Rules Committee report, shall be considered as adopted. 2020-12-15T16:33:32Z Rules Committee 2018-02-27T05:00:00Z House of Representatives 115 HR House H 4296 To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency. 2023-01-11T13:38:04Z Committee Print 115-60 https://www.congress.gov/committee-print/115th-congress/house-committee-print/28717 H.Res. 748 https://www.congress.gov/bill/115th-congress/house-resolution/748 2 2018-02-27 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2018-02-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4296rfs/xml/BILLS-115hr4296rfs.xml Engrossed in House 2018-02-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4296eh/xml/BILLS-115hr4296eh.xml Reported in House 2018-02-23T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4296rh/xml/BILLS-115hr4296rh.xml Introduced in House 2017-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4296ih/xml/BILLS-115hr4296ih.xml 2018-02-28 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.