118th Congress · HOUSE BILLBILL

H.R. 7143Stop Basel Endgame Act

To require the heads of certain agencies to withdraw a proposed rule relating to capital requirements applicable to large banking organizations and banking organizations with significant trading activity, and for other purposes.

Finance and financial sector
Introduced Jan 30, 2024
Last action Jan 30, 2024
Pipeline · Bill → Law
Step 1
Introduced
Jan 30, 2024
Step 2
Referred
Jan 30, 2024
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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. 

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
Jan 30, 2024
Introduced in House
Jan 30, 2024
Referred to the House Committee on Financial Services.