HR 2987
114th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Securities
Community Bank Capital Clarification Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 2015
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Jul 8, 2015
Introduced in House
Jul 8, 2015
Referred to the House Committee on Financial Services.
Plain-English summary
Community Bank Capital Clarification Act
This bill amends the Financial Stability Act of 2010 with respect to:
- minimum leverage capital requirements and minimum risk-based capital requirements for depository institution holding companies;
- mandatory deductions from actual capital in the calculation of such minimum capital requirements for certain investments by such institutions, especially in financial subsidiaries; and
- the exemption from such capital deductions for the debt or equity instruments issued by certain smaller institutions.
A depository institution holding company exempted from capital deductions because it had less than $15 billion of total consolidated assets at the end of a quarterly financial reporting period after December 31, 2009, shall continue to be treated as an exempt institution as long it has total consolidated assets of less than $15 billion.
What's happening now
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Committees of jurisdiction
2