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HR 6244 114th Congress House Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Financial services and investments

To require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for…

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To require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.

Introduced: September 28, 2016 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2016
Referred to the House Committee on Financial Services.
Sep 28, 2016
Introduced in House
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 Plain-English summary Congressional Research Service

This bill amends the Federal Deposit Insurance Act to require the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board to treat non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, provided such instruments were held as investments prior to July 21, 2010, for purposes of the final rules entitled "Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardized Approach for Risk-Weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule" (Basel III Capital Regulations), published on October 11, 2013.

The OCC, the FDIC, and the Federal Reserve Board must amend such Basel III Capital Regulations to implement this bill.

What's happening now September 28, 2016

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 3500 Related bill A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 1
Harper, Gregg
· Sep 28, 2016
 R
Kelly, Trent
Mississippi · Sep 28, 2016
 D
Thompson, Bennie G.
Mississippi · Sep 28, 2016
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APA
U.S. Congress. (2026). H.R. 6244: To require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.. 114th Congress. Open America. https://openamerica.io/bill/114-HR-6244/
MLA
"H.R. 6244: To require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-6244/.
Bluebook (legal)
H.R. 6244, 114th Cong. (2026), https://openamerica.io/bill/114-HR-6244/.
Markdown link
[H.R. 6244: To require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.](https://openamerica.io/bill/114-HR-6244/)
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