,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bbie  ,,in ,,the ,,house ,,of  
,,representatives  ,june #f1 #bjac ,mr4 
,murphy of ,florida introduced the      
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require the ,board of    
,governors of the ,federal ,reserve     
,system1 the ,federal ,deposit          
,insurance ,corporation1 and the ,office
 of the ,comptroller of the ,currency to
 conduct an empirical impact study on   
proposed rules relating to the          
,international ,basel ,,iii agreement on
 general risk-based capital             
requirements1 as they apply to smaller  
financial institutions4  #a4 ,short     
title ,this ,act may be cited as the    
,basel ,,iii ,commonsense ,approach for 
,small ,entities ,act or the ,basel     
,,iii ,,case ,act4  #b4 ,final rules    
pending ,impact ,study  7a7 ,in general 
,the ,board of ,governors of the        
,federal ,reserve ,system1 the ,federal 
,deposit ,insurance ,corporation1 and   

the ,office of the ,comptroller of the  
,currency 7in this ,act collectively    
referred to as the ,federal banking     
agencies7 shall conduct an empirical    
study in accordance with subsection 7b7 
prior to issuing any final rule in      
relation to proposals issued by the     
,federal banking agencies for the       
,international ,basel ,,iii agreement on
 general risk-based capital             
requirements4  7b7 ,issues ,to be       
studied ,the study required by this     
section shall include--  7#a7 a         
quantitative analysis of the impact of  
such rule on the financial services     
sector of the ,united ,states1          
specifically community1 mid-size1 and   
regional financial institutions2 and    
7#b7 a determination of the long-term   
impact of such rule1 including changes  
to the current risk weight framework4   
#c4 ,voluntary ,participation ,any      
financial institution may voluntarily   
provide information for the study upon  
the request of the ,federal banking     

agencies1 but may not be required to    
provide such information4  #d4 ,final   
report  7a7 ,availability to the public 
,a final report on the completed study  
required by this ,act shall be made     
available to the public for notice and  
comment for a period of not less than #c
 months4  7b7 ,review ,the ,federal     
banking agencies shall review any       
comments submitted under subsection 7a71
 and following such review1 shall       
prescribe new rules1 if appropriate1    
based on the results of the study and   
such comments4 ,notwithstanding any     
other provision of law1 a new rulemaking
 following such comment period shall    
include an additional comment period of 
not less than #c months4