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
Everywhere this bill has been
19 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
Passed/agreed to in House: 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
| Date | Chamber | What was voted on | Result | Yes–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 → |
Plain-English 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.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2