,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #djdb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #aa1 #bjad   
,mr4 ,luetkemey] 7= himself1 ,mr4       
,p]lmutt]1 ,mr4 ,cotton1 ,mr4 ,lucas1 & 
,mr4 ,womack7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
require a /udy ( appropriate capital    
requirem5ts = mortgage s]vic+ assets =  
nonsy/emic bank+ in/itutions1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,community ,bank ,mortgage 
,s]vic+ ,asset ,capital ,requirem5ts    
,/udy ,act ( #bjad4  #b4 ,def9itions ,= 
purposes ( ?is ,act3  7#a7 ,bank+       
in/itution ,! t]m bank+ in/itution means
 a bank hold+ company1 insur$ depository
 in/itution1 or sav+s & loan hold+      
company4  7#b7 ,basel ,,iii capital     
requirem5ts ,! t]m ,basel ,,iii capital 
requirem5ts means ! ,global ,regulatory 
,framework = ,m ,resili5t ,banks &      
,bank+ ,sy/ems issu$ by ! ,basel        
,committee on ,bank+ ,sup]vision on     

,decemb] #af1 #bjaj1 z revis$ on ,june  
#a1 #bjaa4  7#c7 ,f$]al bank+ ag5cies ,!
 t]m ,f$]al bank+ ag5cies means ! ,bo>d 
( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !
 ,(fice ( ! ,comptroll] ( ! ,curr5cy1 & 
! ,f$]al ,deposit ,insurance            
,corporation4  7#d7 ,mortgage s]vic+    
asset ,! t]m mortgage s]vic+ asset means
 ^? assets t result f contracts to      
s]vice loans secur$ by real e/ate1 :]e  
su* loans are own$ by ?ird p>ties4  7#e7
 ,nonsy/emic bank+ in/itution ,! t]m    
nonsy/emic bank+ in/itution means any   
bank+ in/itution o!r ?an an in/itution  
id5tifi$ by ! ,f9ancial ,/ability ,bo>d 
z a global sy/emically important bank4  
7#f7 ,o!r def9itions ,! t]ms bank hold+ 
company1 insur$ depository in/itution1 &
 sav+s & loan hold+ company h ! mean+s  
giv5 su* t]ms1 respectively1 "u section 
#c ( ! ,f$]al ,deposit ,insurance ,act  
7#ab ,u4,s4,c4 #ahac74  #c4 ,/udy ( !   
appropriate capital = mortgage s]vic+   
assets  7a7 ,9 g5]al ,! ,f$]al bank+    
ag5cies %all1 jo9tly1 conduct a /udy ( !

 appropriate capital requirem5ts =      
mortgage s]vic+ assets = nonsy/emic     
bank+ in/itutions4  7b7 ,issues ,to be  
/udi$ ,! /udy requir$ by ?is section    
%all include1 ) a specific focus on     
nonsy/emic bank+ in/itutions--  7#a7 !  
risk to insur$ depository in/itutions ( 
hold+ mortgage s]vic+ assets2  7#b7 !   
hi/ory ( ! m>ket = mortgage s]vic+      
assets1 includ+ p>ticul>ly ! m>ket = su*
 assets 9 ! p]iod ( ! f9ancial crisis2  
7#c7 ! ability ( insur$ depository      
in/itutions to e/abli% a value = _!     
mortgage s]vic+ assets ?r\gh p]iodic    
sales or o!r means2  7#d7 regulatory    
approa*es to mortgage s]vic+ assets 9   
addition to capital requirem5ts t c\ld  
be us$ to address conc]ns ab\t ! value (
 & ability to sell mortgage s]vic+      
assets2  7#e7 ! impact ( impos+ ! ,basel
 ,,iii capital requirem5ts on nonsy/emic
 bank+ in/itutions on _! ability to     
compete 9 ! mortgage s]vic+ bus9ess1    
includ+ ! ne$ = economies ( scale to    
compete 9 t bus9ess1 & on _! ability to 

provide s]vice to consum]s to :om !y h  
made a mortgage loan2  7#f7 an analysis 
( :at ! mortgage s]vic+ m>ketplace w\ld 
look l if ! ,basel ,,iii capital        
requirem5ts on mortgage s]vic+ assets 7 
fully implem5t$2  7#g7 ! significance ( 
problems ) mortgage s]vic+ assets1 if   
any1 9 insur$ depository in/itution     
failures & problem insur$ depository    
in/itutions1 includ+ specifically       
id5tify+ fail$ insur$ depository        
in/itutions :]e mortgage s]vic+ assets  
contribut$ to ! failure2 &  7#h7 an     
analysis ( ! relevance ( ! ,basel ,,iii 
capital requirem5ts on mortgage s]vic+  
assets to ! bank+ sy/ems ( o!r          
significant develop$ c\ntries4  7c7     
,report to ,congress ,n lat] ?an ! end (
 ! #a-ye> p]iod beg9n+ on ! date ( !    
enactm5t ( ?is ,act1 ! ,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 conta9+--  7#a7 !       

results ( ! /udy requir$ "u subsection  
7a72 &  7#b7 any analysis on ! specific 
issue ( mortgage s]vic+ assets und]tak5 
by ! ,f$]al bank+ ag5cies prior to      
f9aliz+ regulations implem5t+ ! ,basel  
,,iii capital requirem5ts4  #d4 ,delay (
 rulemak+  7a7 ,rules on mortgage s]vic+
 assets ,not)/&+ any o!r provision (    
law1 no regulation to implem5t ! ,basel 
,,iii capital requirem5ts ) respect to  
mortgage s]vic+ assets = nonsy/emic     
bank+ in/itutions %all take effect be=e 
! end ( ! #f-mon? p]iod beg9n+ on ! date
 ! report is issu$ "u section #c7;c74   
7b7 ,f9al rule requirem5ts ,be=e any    
f9al rule is issu$ by a ,f$]al bank+    
ag5cy ) respect to capital requirem5ts  
on mortgage s]vic+ assets = nonsy/emic  
bank+ in/itutions1 ! ,f$]al bank+ ag5cy 
%all--  7#a7 if ! relat$ propos$ rule 0 
issu$ be=e ! date on :i* ! report is    
issu$ "u section #c7;c71 issue a new    
propos$ rule = public comm5t2 &  7#b7   
consid] regulatory approa*es to mortgage
 s]vic+ assets t c\ld address conc]ns   

ab\t ! value ( & ability to sell        
mortgage s]vic+ assets4