,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #abba  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ae1 #bjac ,mr4  
,f9*] introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to require !      
,f$]al bank+ ag5cies to conduct an      
impact /udy on ! cumulative effect (    
c]ta9 provisions ( ! ,dodd-,frank ,wall 
,/reet ,re=m & ,consum] ,protection ,act
 be=e issu+ f9al rules am5d+ ! ag5cies' 
g5]al risk-bas$ capital requirem5ts =   
det]m9+ risk-weight$ assets z propos$ 9 
! ,/&>diz$ ,approa* = ,risk ,weight$    
,assets ,notice ( ,propos$ ,rulemak+ & !
 ,advanc$ ,approa*es ,risk-bas$ ,capital
 ,rule2 ,m>ket ,risk ,capital ,rule     
,notice ( ,propos$ ,rulemak+1 & !       
,implem5tation ( ,basel ,,iii1 ,m9imum  
,regulatory ,capital ,ratios ,notice (  
,propos$ ,rulemak+ issu$ 9 ,june #bjab1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,basel ,,iii       
,capital ,impact ,/udy ,act4  #b4 ,/udy 
requir$ ,! ,(fice ( ! ,comptroll] ( !   

,curr5cy1 ! ,bo>d ( ,gov]nors ( ! ,f$]al
 ,res]ve ,sy/em1 & ! ,f$]al ,deposit    
,insurance ,corporation 7h]e9aft]1 !    
,f$]al bank+ ag5cies7 %all conduct !    
/udy & issue ! report to ,congress      
requir$ by section #c1 prior to issu+   
any f9al rule am5d+ ! ag5cies' g5]al    
risk-bas$ capital requirem5ts =--  7#a7 
det]m9+ risk-weight$ assets z propos$ 9 
! ,/&>diz$ ,approa* = ,risk ,weight$    
,assets ,notice ( ,propos$ ,rulemak+    
issu$ 9 ,june #bjab 7h]e9aft]1 !        
,/&>diz$ ,approa* ,,npr72  7#b7 det]m9+ 
risk-weight$ assets z propos$ 9 !       
,advanc$ ,approa*es ,risk-bas$ ,capital 
,rule2 ,m>ket ,risk ,capital ,rule      
,notice ( ,propos$ ,rulemak+ issu$ 9    
,june #bjab 7h]e9aft]1 ! ,advanc$       
,approa* ,,npr72 &  7#c7 det]m9+ m9imum 
regulatory capital ratios z propos$ 9 ! 
,regulatory ,capital1 ,implem5tation (  
,basel ,,iii1 ,m9imum ,regulatory       
,capital ,ratios1 ,capital ,adequacy1   
,transition ,provisions1 & ,prompt      
,corrective ,action ,notice ( ,propos$  

,rulemak+ issu$ 9 ,june #bjab 7h]e9aft]1
 ! ,basel ,,iii ,,npr74  #c4 ,/udy &    
report  7a7 ,/udy  7#a7 ,9 g5]al ,!     
,f$]al bank+ ag5cies %all1 jo9tly1      
conduct a /udy ( ! impact ( ! ,/&>diz$  
,approa* ,,npr & ! ,advanc$ ,approa*    
,,npr1 respectively1 on ! m9imum        
regulatory capital requirem5ts ( insur$ 
depository in/itutions & insur$         
depository in/itution hold+ companies4  
,z "p ( ?is /udy1 ! ,f$]al bank+ ag5cies
 %all sep>ately id5tify ! v>i\s         
provisions ( ! ,dodd-,frank ,wall ,/reet
 ,re=m & ,consum] ,protection ,act1 & ( 
am5dm5ts made by t ,act1 t affect       
capital quality1 capital levels1 asset  
quality1 & ! risk managem5t activities (
 insur$ depository in/itutions & insur$ 
depository hold+ companies 7h]e9aft]    
id5tifi$ provisions7 & take into        
consid]ation ! impact ( su* provisions4 
,)\t exclud+ any provisions ! ,f$]al    
bank+ ag5cies id5tify z affect+ capital 
quality1 capital levels1 asset quality1 
& ! risk managem5t activities ( insur$  

depository in/itutions & insur$         
depository hold+ companies1 ! id5tifi$  
provisions %all include ! foll[+        
provisions ( ! ,dodd-,frank ,wall ,/reet
 ,re=m & ,consum] ,protection ,act1 & ! 
am5dm5ts made by su* provisions ( su*   
,act3  7,a7 ,section #aae 7reg>d+       
enhanc$ sup]vision & prud5tial /&>ds74  
7,b7 ,section #afe 7reg>d+ enhanc$      
sup]vision & prud5tial /&>ds74  7,c7    
,section #aff 7reg>d+ e>ly rem$iation   
requirem5ts74  7,d7 ,section #aga       
7reg>d+ lev]age & risk-bas$ capital     
requirem5ts74  7,e7 ,section #fai       
7reg>d+ prohibitions on propriet>y trad+
 & c]ta9 relation%ips ) h$ge funds &    
private equity funds74  7,f7 ,section   
#ici 7reg>d+ ! removal ( /atutory       
ref]5ces to cr$it rat+s74  7,g7 ,section
 #ida 7reg>d+ regulation ( cr$it risk   
ret5tion & exemption ( qualifi$         
resid5tial mortgages74  7,h7 ,section   
#adab 7reg>d+ safe h>bor & rebuttable   
presumptions = qualifi$ mortgages74     
7#b7 ,cont5ts ( /udy ,9 conduct+ ! /udy 

requir$ 9 p>agraph 7#a71 ! ,f$]al bank+ 
ag5cies %all det]m9e & make projections 
( ! likely cumulative impact ( !        
,/&>diz$ ,approa* ,,npr1 ! ,advanc$     
,approa* ,,npr1 ! ,basel ,,iii ,,npr1 & 
! id5tifi$ provisions on requir$        
regulatory capital levels1 capital      
quality1 asset quality1 & risk managem5t
 at cov]$ f9ancial in/itutions4 ,bas$ on
 ^! f9d+s1 ! ,f$]al bank+ ag5cies %all  
provide an assessm5t reg>d+--  7,a7     
*anges to requir$ capital levels2  7,b7 
! aggregate increase or decrease ( total
 risk-weight$ asset levels = !          
in/itutions to :i* ! ,/&>diz$ ,approa*  
,,npr or ,advanc$ ,approa* ,,npr w\ld be
 applicable bas$ on curr5t assets2  7,c7
 :e!r ! ,n,p,rs & id5tifi$ provisions w 
cause capital levels at cov]$           
in/itutions to fluctuate ) m frequ5cy or
 by great] am\nts ?an ! curr5t rules &  
indicate :at1 if any1 safety & s\ndness 
issues su* fluctuations raise = f9ancial
 in/itutions or ! f9ancial sy/em2  7,d7 
:e!r ! ,n,p,rs & ! id5tifi$ provisions w

 result 9 ! discont9uation ( ! use (    
c]ta9 risk managem5t tools by cov]$     
f9ancial in/itutions & ! impact on !    
safety & s\ndness ( f9ancial in/itutions
 & ! f9ancial sy/em2  7,e7 ! impact !   
,n,p,rs & ! id5tifi$ provisions w h on  
resid5tial mortgage l5d+ & home equity  
l9es ( cr$it2  7,f7 ! likely cumulative 
impact ( ! ,n,p,rs & ! id5tifi$         
provisions w h on ! availability (      
cr$it1 g5]ally & 9 l[- & mod]ate-income 
areas2  7,g7 ! v>iance 9 requir$ capital
 levels1 assets1 & asset quality betwe5 
in/itutions t implem5t ! advanc$        
approa*es or approa*es to risk weight+ (
 assets & ^? t use ! ,/&>diz$ ,approa*  
,,npr or ! ,advanc$ ,approa* ,,npr & !  
impact on competition betwe5 entities   
us+ diff]5t approa*es2 &  7,h7 hi/orical
 probability ( default & loss giv5      
default ( resid5tial mortgage loans & ! 
propos$ risk weight+s 9 ! ,/&>diz$      
,approa* ,,npr & ! ,advanc$ ,approa*    
,,npr1 & :e!r su* propos$ risk weight+s 
are appropriately & fairly calibrat$4   

7#c7 ,volunt>y p>ticipation ,! ,f$]al   
bank+ ag5cies may seek input &          
p>ticipation f insur$ depository        
in/itutions & insur$ depository         
in/itution hold+ companies1 h[ev]1      
p>ticipation 9 ! /udy by insur$         
depository in/itutions & insur$         
depository in/itution hold+ companies   
%all be volunt>y4  7b7 ,report  7#a7 ,9 
g5]al ,! ,f$]al bank+ ag5cies %all issue
 a report to ! ,committee on ,bank+1    
,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! 
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives on ! results ( !
 /udy requir$ by subsection 7a74  7#b7  
,cont5ts ,! ,f$]al bank+ ag5cies %all   
include ! me?odologies & assumptions us$
 9 ! /udy z well z ! requir$ elem5ts ( !
 /udy li/$ 9 subsection 7a7 9 ! report  
requir$ 9 ?is subsection4  #d4          
,competitive equality ,section          
#ijh7;a77#a7 ( ! ,int]national ,l5d+    
,sup]vision ,act ( #aihc 7#ab ,u4,s4,c4 
#cijg7;a77#a77 is am5d$ by ins]t+ at !  
end ! foll[+3  ,ea* appropriate ,f$]al  

bank+ ag5cy %all1 consi/5t ) safety &   
s\ndness1 seek to ensure t any diff]5ces
 9 rules implem5t+ ! capital /&>ds      
requir$ "u ?is section or o!r provisions
 ( ,f$]al law = bank+ in/itutions1 sav+s
 associations1 bank hold+ companies1 &  
sav+s & loan hold+ companies d n give   
competitive advantages to any class or  
gr\p ( su* in/itutions1 associations1 or
 companies unless requir$ by o!r ,f$]al 
law1 & d n und]m9e any requirem5ts =    
enhanc$ sup]vision & prud5tial /&>ds    
requir$ by section #aae ( ! ,dodd-,frank
 ,wall ,/reet ,re=m & ,consum]          
,protection ,act 7#ab ,u4,s4,c4 #ecbe74 
4