[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1693 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1693

  To provide an exemption for community banks from the application of 
                      Basel III capital standards.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 24, 2013

  Mr. Griffin of Arkansas (for himself, Mr. Crawford, and Mr. Womack) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
  To provide an exemption for community banks from the application of 
                      Basel III capital standards.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXEMPTION FOR COMMUNITY BANKS.

    (a) Exemption.--The Federal banking regulators shall exempt 
community banks from any Basel III regulations.
    (b) Definitions.--For purposes of this section:
            (1) Community bank.--The term ``community bank'' means a 
        depository institution, as defined under section 3 of the 
        Federal Deposit Insurance Act (12 U.S.C. 1813), with 
        consolidated assets of $50,000,000,000 or less.
            (2) Basel iii regulations.--The term ``Basel III 
        regulations'' means the following:
                    (A) The proposed regulation entitled ``Regulatory 
                Capital Rules: Regulatory Capital, Implementation of 
                Basel III, Minimum Regulatory Capital Ratios, Capital 
                Adequacy, Transition Provisions, and Prompt Corrective 
                Action'', published on August 30, 2012.
                    (B) The proposed regulation entitled ``Regulatory 
                Capital Rules: Standardized Approach for Risk-Weighted 
                Assets; Market Discipline and Disclosure Requirements; 
                Proposed Rule'', published on August 30, 2012.
                    (C) The proposed regulation entitled ``Regulatory 
                Capital Rules: Advanced Approaches Risk-Based Capital 
                Rule; Market Risk Capital Rule; Proposed Rule'', 
                published on August 30, 2012.
                    (D) Any other regulation issued by the Federal 
                banking regulators, the purpose of which is to 
                implement capital standards based on the agreement 
                reached by the Basel Committee on Banking Supervision 
                entitled ``Basel III: A Global Regulatory Framework for 
                More Resilient Banks and Banking Systems''.
            (3) Federal banking regulators.--The term ``Federal banking 
        regulators'' means the Board of Governors of the Federal 
        Reserve System, the Office of the Comptroller of the Currency, 
        and the Federal Deposit Insurance Corporation.
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