S. 731 113th Congress Senate

Basel III CASE Act

Official title: 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 Cur… Show full official titleShow less

Official title: 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.

Introduced: May 15, 2013 See on congress.gov

Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationDepartment of the Treasury

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Federal Deposit Insurance Corporation (FDIC)Federal Reserve SystemFinancial services and investmentsGovernment studies and investigations

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 16, 2013

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Apr 16, 2013

Introduced in Senate

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Latest action April 16, 2013

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Plain-English summary Congressional Research Service

Basel III Commonsense Approach for Small Entities Act or Basel III CASE Act - 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, before issuing any final rule in relation to proposals they have issued for the International Basel III agreement on general risk-based capital requirements, to conduct an empirical study that includes: (1) a quantitative analysis of the rule's impact on the U.S. financial services sector, specifically community, mid-size, and regional financial institutions; and (2) a determination of the long-term impact of the rule, including changes to the current risk weight framework.

Allows any financial institution to provide information for the study voluntarily upon agency request, but prohibits agencies from requiring it.

Requires the study to be made available to the public for notice and comment.

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