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115th Congress > House > Vote 795
Clerk session vote number: 88
Sponsor: LUETKEMEYER, Blaine (R-MO)
Description: To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency
Bill summary: (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.
Bill titles: To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
Links for more info on the vote: congress.gov