[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 731 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                 S. 731

 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 community 
                                 banks.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 16, 2013

Mr. Manchin (for himself and Mr. Heller) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 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 community 
                                 banks.

    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 the 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 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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