H.R. 4296: To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

115th Congress · introduced 2017-11-08 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

Where it came from: introduced 2017-11-08 · official record
Who proposed it: Rep. Luetkemeyer, Blaine [R-MO-3] · what a sponsor is
What happened next: 2 recorded votes in our records. Latest: House roll call 88 (2018): On Motion to Recommit with Instructions, HR4296 (2018-02-27), Failed. See all
Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

Plain 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.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.

Source: Congressional Research Service summary (Passed House amended)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] · 2 cosponsors

Cost estimate: CBO cost estimate: H.R. 4296, a bill to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency (2018-02-22)

Cosponsors on this site

Gregory W. Meeks (D-NY), Pete Sessions (R-TX)

Recorded votes

House roll call 88 (2018): On Motion to Recommit with Instructions, HR4296 (2018-02-27): Failed
House roll call 89 (2018): On Passage, HR4296 (2018-02-27): Passed

Words on this page, explained (2)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Passed House amended)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr4296.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr4296 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115