US Congress House Bill 4296 (Prior Session Legislation)

---

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Engrossed on February 28 2018 - 50% progression, died in committee
Action: 2018-02-28 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency. (Sec. 1) This bill specifies that a federal banking agency may not establish an operational-risk capital requirement for banking organizations unless the requirement: (1) is based on, and is appropriately sensitive to, current risks; (2) is determined under a forward-looking assessment of potential losses; and (3) allows certain adjustments. (Sec. 2) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

Rep. Blaine Luetkemeyer [R-MO]

Rep. Gregory Meeks [D-NY]

Rep. Pete Sessions [R-TX]

2018-02-27 - House - On motion to recommit with instructions RC# 88 (Y: 185 N: 228 NV: 17 Abs: 0) [FAIL]
2018-02-27 - House - On passage RC# 89 (Y: 245 N: 169 NV: 16 Abs: 0) [PASS]

Date	Chamber	Action
2018-02-28	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2018-02-27	House	Motion to reconsider laid on the table Agreed to without objection.
2018-02-27	House	On passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308)
2018-02-27	House	On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88).
2018-02-27	House	The previous question on the motion to recommit with instructions was ordered without objection.
2018-02-27	House	DEBATE - The House proceeded with 10 minutes of debate on the Waters(CA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add an exemption to the underlying bill for any global systematically important bank holding company or subsidiary that has engaged in a pattern or practice of unsafe or unsound banking practices related to consumer harm.
2018-02-27	House	Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H1314-1315)
2018-02-27	House	The previous question was ordered pursuant to the rule.
2018-02-27	House	DEBATE - The House proceeded with one hour of debate on H.R. 4296.
2018-02-27	House	Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
2018-02-27	House	Considered under the provisions of rule H. Res. 747. (consideration: CR H1308-1317)
2018-02-26	House	Rules Committee Resolution H. Res. 747 Reported to House. Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
2018-02-23	House	Placed on the Union Calendar, Calendar No. 434.
2018-02-23	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574.
2017-11-15	House	Ordered to be Reported by the Yeas and Nays: 43 - 17.
2017-11-15	House	Committee Consideration and Mark-up Session Held.
2017-11-08	House	Referred to the House Committee on Financial Services.
2017-11-08	House	Introduced in House

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
HR747 (Related) 2018-02-27 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/4296/all-info
Text	https://www.congress.gov/115/bills/hr4296/BILLS-115hr4296ih.pdf
Text	https://www.congress.gov/115/bills/hr4296/BILLS-115hr4296rh.pdf
Text	https://www.congress.gov/115/bills/hr4296/BILLS-115hr4296eh.pdf
Roll Call	https://clerk.house.gov/Votes/201889
Roll Call	https://clerk.house.gov/Votes/201888