Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 4296
115th Congress(2017-2018)
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
Active
Amendments
Active
Passed House on Feb 27, 2018
Overview
Text
Introduced
Nov 8, 2017
Latest Action
Feb 28, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4296
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Blaine Luetkemeyer
Missouri
Democrat
Gregory Meeks
New York
Republican
Pete Sessions
Texas
House Votes (2)
Senate Votes (0)
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
89
House Roll Call Votes
Summary

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.

Text (4)
Referred in Senate
February 28, 2018
Engrossed in House
February 27, 2018
Reported in House
February 23, 2018
Introduced in House
November 8, 2017
Amendments (1)
Feb 27, 2018
Offered in House
0
Sponsorship
House Amendment 528
Pursuant to the provisions of H.Res. 748, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-60, modified by the amendment printed in Part A of the Rules Committee report, shall be considered as adopted.
Submitted
Related Bills (2)
Feb 27, 2018
Passed House
1
Sponsorship
House Simple Resolution 747
Providing for consideration of the bill (H.R. 4296) to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency, and providing for consideration of the bill (H.R. 4607) to amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to ensure that Federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons, and for other purposes.
Active
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
House
Type
Procedurally-Related Measure
Procedurally-Related Measure
Legislation that affects consideration of other legislation (e.g., a rule for consideration, a bill ordered to be reported or passed in lieu of another measure). Identical bills, companion measures, and legislation with text similarities are other related bill types.
Identified By
House
Jun 08, 2017
Passed House
41
Sponsorship
House Bill 10
Financial CHOICE Act of 2017
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (19)
02/28/2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
02/27/2018
Motion to reconsider laid on the table Agreed to without objection.
02/27/2018
On passage Passed by the Yeas and Nays: 245 - 169 (Roll no. 89). (text of amendment in the nature of a substitute: CR H1308)
02/27/2018
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)
02/27/2018
On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 88).
02/27/2018
The previous question on the motion to recommit with instructions was ordered without objection.
02/27/2018
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.
02/27/2018
Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H1314-1315)
02/27/2018
The previous question was ordered pursuant to the rule.
02/27/2018
DEBATE - The House proceeded with one hour of debate on H.R. 4296.
02/27/2018
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.
02/27/2018
Considered under the provisions of rule H. Res. 747. (consideration: CR H1308-1317)
02/26/2018
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.
02/23/2018
Placed on the Union Calendar, Calendar No. 434.
02/23/2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-574.
11/15/2017
Ordered to be Reported by the Yeas and Nays: 43 - 17.
11/15/2017
Committee Consideration and Mark-up Session Held.
11/08/2017
Referred to the House Committee on Financial Services.
11/08/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:04 PM
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