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HR 4206 118th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation

Bank Safety Act of 2024

Introduced: June 20, 2023 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 1, 2024
Placed on the Union Calendar, Calendar No. 612.
Nov 1, 2024
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-725.
Apr 17, 2024
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Apr 17, 2024
Committee Consideration and Mark-up Session Held
Jun 20, 2023
Introduced in House
Jun 20, 2023
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Bank Safety Act of 2023

This bill requires additional bank holding companies and insured depository institutions (i.e., those with over $100 billion in assets) to use certain information when calculating capital for purposes of meeting risk-based capital requirements. Specifically, these calculations must include certain unrealized gains and losses (i.e., accumulated other comprehensive income), except for accumulated net gains and losses on cash flow hedges related to items that are not recognized at fair value. Currently, only very large institutions are required to include this type of income in their capital calculations, while other institutions are allowed to opt out.

What's happening now November 1, 2024

Placed on the Union Calendar, Calendar No. 612.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Casten, Sean
Illinois · Apr 12, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4206: Bank Safety Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4206/
MLA
"H.R. 4206: Bank Safety Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4206/.
Bluebook (legal)
H.R. 4206, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4206/.
Markdown link
[H.R. 4206: Bank Safety Act of 2024](https://openamerica.io/bill/118-HR-4206/)
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