,,ii  #aacth ,,congress  #ast ,session  
,s4 #gca  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #af1 #bjac   
,mr4 ,manchin 7for himself and ,mr4     
,heller7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,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 community
 banks4  #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 the 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 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