HR 7143
118th Congress
House
Finance and Financial Sector
Stop Basel Endgame Act
Introduced: January 30, 2024
Introduced by:
Ogles, Andrew
Republican
· Tennessee
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2024
Referred to the House Committee on Financial Services.
Jan 30, 2024
Introduced in House
Plain-English summary
Stop Basel Endgame Act
This bill requires the withdrawal of the proposed rule titled Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity. The proposed rule revises bank capital requirements and calculations, including by requiring banks to replace their use of internal credit risk models with a standardized approach generally in line with international standards set by the Basel Committee on Banking Supervision. The rule was proposed on September 18, 2023, by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1