,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bedg  ,,in ,,the ,,house ,,of  
,,representatives  ,june #bg1 #bjac     
,mrs4 ,capito 7for herself and ,mr4     
,meeks7 introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
determine appropriate risk based capital
 requirements for community1 mid-size1  
and regional institutions4  #a4 ,short  
title ,this ,act may be cited as the    
,determination of ,appropriate          
,risk-,based ,capital ,requirements for 
,community ,financial ,institutions ,act
 of #bjac4  #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 all       

proposed regulatory capital rules issued
 by the ,federal banking agencies for   
the international ,basel ,,iii agreement
 7,basel ,,iii ,rules74  7b7 ,issues ,to
 be studied ,the study required by this 
section shall include--  7#a7 the       
potential impact of the ,basel ,,iii    
,rules on the financial services sector 
of the ,united ,states1 and specifically
 community1 mid-size1 and regional      
financial institutions1 including       
changes to required capital levels in   
the aggregate1 per asset class and      
institution size2  7#b7 the long-term   
potential impact of the ,basel ,,iii    
,rules1 including changes to the current
 risk-weight framework2  7#c7 the cost  
and complexity of the ,basel ,,iii      
,rules for community financial          
institutions2  7#d7 the potential       
indicators of community banks having to 
maintain higher leverage capital ratios 
and higher total risk-based capital     
ratios than non-community banks1 and if 
such capital levels are commensurate    

with higher historical losses or greater
 risk2  7#e7 the historical probability 
of default and loss given default of    
residential mortgage loans and the      
proposed risk weightings in the ,basel  
,,iii ,rules1 and whether such proposed 
risk weightings are appropriately and   
fairly calibrated1 specifically for     
community1 mid-size1 and regional       
financial institutions2 and  7#f7 the   
impact of the ,basel ,,iii ,rules on    
real estate markets1 and specifically1  
residential mortgage lending and home   
equity lines of credit4  7c7 ,exception 
for global systemically important banks 
,the delay in rulemaking required under 
subsection 7a7 shall not apply to rules 
applicable to global systemically       
important banks1 as identified by the   
,financial ,stability ,board4  #c4      
,voluntary participation ,any financial 
institution may voluntarily provide     
information for the study upon the      
request of the 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 #ij days4  7b7 ,report to 
,congress ,the ,federal banking agencies
 shall issue a report to the ,committee 
on ,banking1 ,housing1 and ,urban       
,affairs of the ,senate and the         
,committee on ,financial ,services of   
the ,house of ,representatives1 and     
testify before such committees1 on the  
results of the study required by this   
,act and a summary of the comments      
received under subsection 7a74  7c7     
,review ,the ,federal banking agencies  
shall review any comments submitted     
under subsections 7a7 and 7b7 and       
considerations provided pursuant to     
subsections 7a7 and 7b71 and following  
such review1 shall prescribe new rules1 
if appropriate1 based on the results of 
the study and such comments and         
considerations4 ,notwithstanding any    

other provision of law1 a new rulemaking
 following such comment period shall    
include an additional comment period of 
not less than #ij days4  #e4 ,delay of  
rulemaking ,a regulation issued by the  
,federal banking agencies to implement  
the ,international ,basel ,,iii         
agreement on general risk-based capital 
requirements may not take effect until  
after the end of the #a-year period     
beginning on the date of the enactment  
of this ,act4