,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cagi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #aa1 #bjag,mr4  
,holl+swor? introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to require !      
appropriate ,f$]al bank+ ag5cies1 :5    
issu+ c]ta9 prud5tial regulations t are 
sub/antively m /r+5t ?an a correspond+  
int]national prud5tial /&>d to publi% ! 
rationale = do+ s & a co/-b5efit        
analysis ( ! diff]5ce1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,transp>5cy & ,acc\ntability =      
,bus9ess ,/&>ds ,act4  #b4 ,co/-b5efit  
analysis requirem5t = c]ta9 prud5tial   
regulations  7a7 ,rulemak+ requirem5t   
,an appropriate ,f$]al bank+ ag5cy may n
 adopt or o!rwise e/abli% a prud5tial   
regulation t is sub/antively m /r+5t ?an
 a correspond+ int]national prud5tial   
/&>d unless ! appropriate ,f$]al bank+  
ag5cy publi%es1 = public notice &       
comm5t--  7#a7 a description ( ! ag5cy's
 rationale = do+ s2 &  7#b7 a           

compreh5sive analysis ( ! co/s & b5efits
 ( ! diff]5ce betwe5 ! prud5tial        
regulation & ! correspond+ int]national 
prud5tial /&>d1 includ+--  7,a7 any     
impact on ! pric+ & availability ( cr$it
 9 ! aggregate & = specific types (     
borr[]s2  7,b7 any impact on liquidity 9
 m>kets = f9ancial in/rum5ts 9 !        
aggregate & = specific types (          
in/rum5ts2  7,c7 any impact ( do+ s on !
 competitiv5ess ( affect$ in/itutions2 &
  7,d7 any impact on employm5t1 economic
 gr[?1 & ! execution ( monet>y policy4  
7b7 ,requirem5ts ) respect to sup]s$$   
prud5tial regulations ,an appropriate   
,f$]al bank+ ag5cy may n adopt or       
o!rwise e/abli% a prud5tial regulation  
to implem5t an int]national /&>d t w    
result 9 a prud5tial regulation t is !n 
9 effect becom+ a sup]s$$ prud5tial     
regulation1 unless ! appropriate ,f$]al 
bank+ ag5cy publi%es = public notice &  
comm5t-- 7#a7 a proposal to repeal or   
am5d ! sup]s$$ prud5tial regulation1 or 
applicable "p !re(2 or  7#b7 if !       

appropriate ,f$]al bank+ ag5cy does n   
propose to repeal or am5d ! sup]s$$     
prud5tial regulation1 or applicable "p  
!re(1 a description ( ! ag5cy's         
rationale = n do+ s1 :i* %all include a 
compreh5sive analysis ( ! increm5tal    
co/s & b5efits ( ! sup]s$$ prud5tial    
regulation aft] ! adoption ( ! prud5tial
 regulation to implem5t an int]national 
/&>d4  7c7 ,lookback requirem5t ,)      
respect to a f9al rule issu$ by an      
appropriate ,f$]al bank+ ag5cy on or    
aft] ,janu>y #a1 #bjjg1 b be=e ! date ( 
! enactm5t ( ?is ,act t e/abli%$ a      
prud5tial regulation t is sub/antively m
 /r+5t ?an a correspond+ int]national   
prud5tial /&>d1 or t result$ 9 ano!r    
prud5tial regulation becom+ a sup]s$$   
prud5tial regulation1 ea* appropriate   
,f$]al bank+ ag5cy %all1 n lat] ?an !   
end ( ! #ahj-;day p]iod beg9n+ on ! date
 ( ! enactm5t ( ?is ,act1 issue a report
 to ! ,congress 7& make su* report      
available on ! website ( ! ag5cy7 )     
respect to su* rule1 conta9+ !          

description & analysis describ$ "u      
p>agraphs 7#a7 & 7#b7 ( subsection 7a7  
or p>agraph 7#b7 ( subsection 7b71 z    
applicable4  7d7 ,def9itions ,= purposes
 ( ?is section3 7#a7 ,appropriate ,f$]al
 bank+ ag5cy ,! t]m appropriate ,f$]al  
bank+ ag5cy has ! mean+ giv5 t t]m "u   
section #c ( ! ,f$]al ,deposit          
,insurance ,act4  7#b7 ,bank+           
organization ,! t]m bank+ organization  
means a depository in/itution or a      
depository in/itution hold+ company1 z  
su* t]ms are def9$1 respectively1 "u    
section #c ( ! ,f$]al ,deposit          
,insurance ,act4  7#c7 ,correspond+     
int]national prud5tial /&>d ,! t]m      
correspond+ int]national prud5tial /&>d 
means an int]national prud5tial /&>d on 
:i* a prud5tial regulation is bas$1 f   
:i* a prud5tial regulation is d]iv$1 or 
to :i* a prud5tial regulation is o!rwise
 sub/antively simil>4  7#d7 ,prud5tial  
regulation ,! t]m prud5tial regulation  
means any rule or regulation relat+ to  
capital requirem5ts1 lev]age            

requirem5ts1 liquidity requirem5ts1 or  
any simil> requirem5ts1 includ+ any rule
 or regulation t imposes any m9imum     
requirem5t on a bank+ organization's    
am\nt ( capital1 debt1 or liquid assets1
 ei!r 9 absolute t]ms or z a ratio ( any
 measure ( assets1 exposures1 or ca%    
infl[s & outfl[s1 or t conditions !     
ability ( a bank+ organization to take  
any action or imposes any requirem5t    
bas$ on any absolute or proportional    
measure ( capital1 lev]age1 debt1 or    
liquidity4  7#e7 ,prud5tial regulation  
to implem5t an int]national /&>d ,! t]m 
prud5tial regulation to implem5t an     
int]national /&>d means a prud5tial     
regulation t is bas$ on1 d]iv$ f1 or    
o!rwise sub/antively simil> to an       
int]national prud5tial /&>d4  7#f7      
,int]national prud5tial /&>d ,! t]m     
int]national prud5tial /&>d means any   
/&>d t has be5 adopt$ by an int]national
 in/itution compris$ ( an appropriate   
,f$]al bank+ ag5cy & bank+ sup]visors or
 c5tral banks ( jurisdictions o!r ?an ! 

,unit$ ,/ates1 includ+ ! ,basel         
,committee on ,bank+ ,sup]vision & !    
,f9ancial ,/ability ,bo>d1 relat+ to    
capital requirem5ts1 lev]age            
requirem5ts1 liquidity requirem5ts1 or  
any simil> requirem5ts1 includ+ any /&>d
 t contemplates m9imum requirem5ts on a 
bank+ organization's am\nt ( capital1   
debt1 or liquid assets1 ei!r 9 absolute 
t]ms or z a ratio ( any measure (       
assets1 exposures1 or ca% infl[s &      
outfl[s1 or t contemplates condition+ ! 
ability ( a bank+ organization to take  
any action or impos+ any requirem5t bas$
 on any measure ( capital1 lev]age1     
debt1 or liquidity4  7#g7 ,sup]s$$      
prud5tial regulation ,! t]m sup]s$$     
prud5tial regulation means a prud5tial  
regulation1 ) respect to :i* a prud5tial
 regulation to implem5t an int]national 
/&>d addresses or w\ld address ! same or
 simil> risks or o!rwise a*ieves or w\ld
 a*ieve ! same or simil> goals4