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

Summary


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

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