[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4233 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4233

     To require the Federal banking agencies to increase the risk-
   sensitivity of the capital treatment of certain centrally cleared 
          exchange-listed derivatives, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 6, 2019

  Mr. Gooden introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
     To require the Federal banking agencies to increase the risk-
   sensitivity of the capital treatment of certain centrally cleared 
          exchange-listed derivatives, and for other purposes.

    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 ``Options Market Stability Act of 
2019''.

SEC. 2. DERIVATIVE CONTRACTS.

    (a) Definitions.--In this section, the terms ``depository 
institution'' and ``depository institution holding company'' have the 
meanings given those terms in section 3 of the Federal Deposit 
Insurance Act (12 U.S.C. 1813).
    (b) Requirement.--Not later than December 31, 2019, the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation, and the Comptroller of the Currency shall--
            (1) jointly issue a final rule relating to the notice of 
        proposed rule making entitled ``Standardized Approach for 
        Calculating the Exposure Amount of Derivative Contracts'' (83 
        Fed. Reg. 64660; December 17, 2018); or
            (2) implement relief that allows for the adoption of a 
        methodology for calculating the counterparty credit risk 
        exposure, at default, of a depository institution, depository 
        institution holding company, or affiliate thereof to a client 
        arising from a guarantee provided by the depository 
        institution, depository institution holding company, or 
        affiliate thereof to a central counterparty in respect of the 
        client's performance under an exchange-listed derivative 
        contract cleared through that central counterparty pursuant to 
        the risk-based and leverage-based capital rules applicable to 
        depository institutions and depository institution holding 
        companies under parts 3, 217, and 324 of title 12, Code of 
        Federal Regulations, that reflects the economic value of delta 
        weighting and netting.
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