[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2295 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 2295

 To require the Board of Governors of the Federal Reserve System, the 
     Federal Deposit Insurance Corporation, and the Office of the 
  Comptroller of the Currency to conduct an empirical impact study on 
  proposed rules relating to the International Basel III agreement on 
   general risk-based capital requirements, as they apply to smaller 
                        financial institutions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 6, 2013

Mr. Murphy of Florida introduced the following bill; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To require the Board of Governors of the Federal Reserve System, the 
     Federal Deposit Insurance Corporation, and the Office of the 
  Comptroller of the Currency to conduct an empirical impact study on 
  proposed rules relating to the International Basel III agreement on 
   general risk-based capital requirements, as they apply to smaller 
                        financial institutions.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Basel III Commonsense Approach for 
Small Entities Act'' or the ``Basel III CASE Act''.

SEC. 2. FINAL RULES PENDING IMPACT STUDY.

    (a) In General.--The Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, and the Office of 
the Comptroller of the Currency (in this Act collectively referred to 
as the ``Federal banking agencies'') shall conduct an empirical study 
in accordance with subsection (b) prior to issuing any final rule in 
relation to proposals issued by the Federal banking agencies for the 
International Basel III agreement on general risk-based capital 
requirements.
    (b) Issues To Be Studied.--The study required by this section shall 
include--
            (1) a quantitative analysis of the impact of such rule on 
        the financial services sector of the United States, 
        specifically community, mid-size, and regional financial 
        institutions; and
            (2) a determination of the long-term impact of such rule, 
        including changes to the current risk weight framework.

SEC. 3. VOLUNTARY PARTICIPATION.

    Any financial institution may voluntarily provide information for 
the study upon the request of the Federal banking agencies, but may not 
be required to provide such information.

SEC. 4. FINAL REPORT.

    (a) Availability to the Public.--A final report on the completed 
study required by this Act shall be made available to the public for 
notice and comment for a period of not less than 3 months.
    (b) Review.--The Federal banking agencies shall review any comments 
submitted under subsection (a), and following such review, shall 
prescribe new rules, if appropriate, based on the results of the study 
and such comments. Notwithstanding any other provision of law, a new 
rulemaking following such comment period shall include an additional 
comment period of not less than 3 months.
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