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HR 4296 115th Congress House Finance and Financial Sector Bank accounts, deposits, capital Federal Reserve System

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

Introduced: November 8, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 18 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 27, 2018
Motion to reconsider laid on the table Agreed to without objection.
Feb 27, 2018
On passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308)
Feb 27, 2018
On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88).
Feb 27, 2018
The previous question on the motion to recommit with instructions was ordered without objection.
Feb 27, 2018
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.
Feb 27, 2018
Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H1314-1315)
Feb 27, 2018
The previous question was ordered pursuant to the rule.
Feb 27, 2018
DEBATE - The House proceeded with one hour of debate on H.R. 4296.
Feb 27, 2018
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.
Feb 27, 2018
Considered under the provisions of rule H. Res. 747. (consideration: CR H1308-1317)
Feb 26, 2018
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.
Feb 23, 2018
Placed on the Union Calendar, Calendar No. 434.
Feb 23, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574.
Nov 15, 2017
Ordered to be Reported by the Yeas and Nays: 43 - 17.
Nov 15, 2017
Committee Consideration and Mark-up Session Held.
Nov 8, 2017
Referred to the House Committee on Financial Services.
Nov 8, 2017
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Feb 27, 2018 House · vote #89 On Passage Passed 245–169 See who voted →
Feb 27, 2018 House · vote #88 On Motion to Recommit with Instructions Failed 185–228 See who voted →
 Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

AmendmentSponsorPurposeStatusLatest action
HAMDT 528 — Pursuant to the provisions of H.Res. 748, an amendment in the nature of a substitute consisting of the text o… Pending —
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 Plain-English summary Congressional Research Service

(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.

What's happening now February 28, 2018

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

 Related & companion bills 2
  • HR 10 Related bill Financial CHOICE Act of 2017
  • HRES 747 Related bill Providing for consideration of the bill (H.R. 4296) to place requirements on operational risk capital requirements for …
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Sessions, Pete
Texas · Feb 15, 2018
 D
Meeks, Gregory W.
New York · Nov 8, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4296: To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4296/
MLA
"H.R. 4296: To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4296/.
Bluebook (legal)
H.R. 4296, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4296/.
Markdown link
[H.R. 4296: To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.](https://openamerica.io/bill/115-HR-4296/)
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