,,ii  #aac? ,,congress  #a/ ,session    
,s4 #gca  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,april #af1 #bjac ,mr4 
,man*9 7= himself & ,mr4 ,hell]7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to require ! ,bo>d ( ,gov]nors 
( ! ,f$]al ,res]ve ,sy/em1 ! ,f$]al     
,deposit ,insurance ,corporation1 & !   
,(fice ( ! ,comptroll] ( ! ,curr5cy to  
conduct an empirical impact /udy on     
propos$ rules relat+ to ! ,int]national 
,basel ,,iii agreem5t on g5]al risk-bas$
 capital requirem5ts1 z !y apply to     
community banks4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,basel ,,iii       
,commons5se ,approa* = ,small ,entities 
,act or ! ,basel ,,iii ,,case ,act4  #b4
 ,f9al rules p5d+ ,impact ,/udy  7a7 ,9 
g5]al ,! ,bo>d ( ,gov]nors ( ! ,f$]al   
,res]ve ,sy/em1 ! ,f$]al ,deposit       
,insurance ,corporation1 & ! ,(fice ( ! 
,comptroll] ( ! ,curr5cy 79 ?is ,act    
collectively ref]r$ to z ! ,f$]al bank+ 

ag5cies7 %all conduct an empirical /udy 
9 accordance ) subsection 7b7 prior to  
issu+ any f9al rule 9 relation to       
proposals issu$ by ! ,f$]al bank+       
ag5cies = ! ,int]national ,basel ,,iii  
agreem5t on g5]al risk-bas$ capital     
requirem5ts4  7b7 ,issues ,to be /udi$  
,! /udy requir$ by ?is section %all     
include--  7#a7 a quantitative analysis 
( ! impact ( su* rule on ! f9ancial     
s]vices sector ( ! ,unit$ ,/ates1       
specifically community1 mid-size1 &     
regional f9ancial in/itutions2 &  7#b7 a
 det]m9ation ( ! long-t]m impact ( ! su*
 rule1 includ+ *anges to ! curr5t risk  
weight framework4  #c4 ,volunt>y        
,p>ticipation ,any f9ancial in/itution  
may volunt>ily provide in=mation = !    
/udy ^u ! reque/ ( ! ag5cies1 b may n be
 requir$ to provide su* in=mation4  #d4 
,f9al report  7a7 ,availability to !    
public ,a f9al report on ! complet$ /udy
 requir$ by ?is ,act %all be made       
available to ! public = notice & comm5t 
= a p]iod ( n less ?an #c mon?s4  7b7   

,review ,! ,f$]al bank+ ag5cies %all    
review any comm5ts submitt$ "u          
subsection 7a71 & foll[+ su* review1    
%all prescribe new rules1 if            
appropriate1 bas$ on ! results ( ! /udy 
& su* comm5ts4 ,not)/&+ any o!r         
provision ( law1 a new rulemak+ foll[+  
su* comm5t p]iod %all include an        
additional comm5t p]iod ( n less ?an #c 
mon?s4