US Congress House Bill 2547 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 11-2)
Status: Introduced on June 27 2013 - 25% progression, died in committee
Action: 2013-06-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013 - Directs the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (federal banking agencies) to conduct an empirical impact study before issuing a final rule in relation to proposed regulatory capital rules for the international Basel III agreement (Rules). Requires the study to include: (1) the potential impact of such Rules upon the U.S. financial services sector, specifically community, mid-size, and regional financial institutions; (2) the long-term impact of such Rules, including changes to the current risk weight framework; (3) the cost and complexity of the Rules for community financial institutions; (4) the potential indicators of community banks having to maintain higher leverage capital ratios and higher total risk-based capital ratios than non-community banks and whether such capital levels are commensurate with higher historical losses or greater risk; and (5) the impact of the Rules upon real estate markets, specifically residential mortgage lending and home equity lines of credit. Exempts this delay in rulemaking any rules applicable to global systemically important banks (as identified by the Financial Stability Board). Allows any financial institution to provide information for the study voluntarily upon agency request, but prohibits the agencies from requiring it. Requires the study to be made available to the public for notice and comment. Prohibits any regulation issued by the federal banking agencies to implement the Rules from taking effect until one year after enactment of this Act.

Determination of Appropriate Risk-Based Capital Requirements for Community Financial Institutions Act of 2013

Sen. Shelley Capito [R-WV]	Sen. Tom Cotton [R-AR]	Rep. Tim Griffin [R-AR]	Rep. Bill Huizenga [R-MI]
Rep. Peter King [R-NY]	Rep. Frank Lucas [R-OK]	Rep. Gregory Meeks [D-NY]	Rep. Gary Miller [R-CA]
Rep. Patrick Murphy [D-FL]	Rep. Steven Palazzo [R-MS]	Rep. Stevan Pearce [R-NM]	Rep. Robert Pittenger [R-NC]
Rep. Steve Womack [R-AR]

Date	Chamber	Action
2013-06-27	House	Referred to the House Committee on Financial Services.

HB2295 (Related) 2013-06-06 - Referred to the House Committee on Financial Services.
SB731 (Related) 2013-04-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB2767 (Related) 2013-07-24 - Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 27.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/2547/all-info
Text	https://www.congress.gov/113/bills/hr2547/BILLS-113hr2547ih.pdf