HR 4206 · 118th Congress · Finance and Financial Sector
Bank Safety Act of 2024
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 612.(2024-11-01)
Plain Language Summary
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Bank Safety Act of 2023 This bill requires additional bank holding companies and insured depository institutions (i.e., those with over $100 billion in assets) to use certain information when calculating capital for purposes of meeting risk-based capital requirements. Specifically, these calculations must include certain unrealized gains and losses (i.e., accumulated other comprehensive income), except for accumulated net gains and losses on cash flow hedges related to items that are not recognized at fair value. Currently, only very large institutions are required to include this type of income in their capital calculations, while other institutions are allowed to opt out.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4206, Bank Safety Act of 2023
Oct 11, 2024As ordered reported by the House Committee on Financial Services on April 17, 2024
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office