,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #chch  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bf1      
#bjag,mr4 ,duffy 7for himself1 ,mr4     
,kelly of ,mississippi1 ,mr4 ,thompson  
of ,mississippi1 ,mr4 ,harper1 and ,mr4 
,lucas7 introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
require the appropriate ,federal banking
 agencies to treat certain              
non-significant investments in the      
capital of unconsolidated financial     
institutions as qualifying capital      
instruments1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,trust ,preferred ,securities   
,act of #bjag4  #b4 ,treatment of       
certain non-significant investments in  
the capital of unconsolidated financial 
institutions  7a7 ,in general ,section  
#ah of the ,federal ,deposit ,insurance 
,act 7#ab ,u4,s4,c4 #ahbh7 is amended-- 
7#a7 by moving subsection 7z7 so that it
 appears after subsection 7y72 and  7#b7

 by adding at the end the following3    
7aa7 ,treatment of non-,significant     
investments in the capital of           
unconsolidated financial institutions   
,for purposes of the final rules titled 
,regulatory ,capital ,rules3 ,regulatory
 ,capital1 ,implementation of ,basel    
,,iii1 ,capital ,adequacy1 ,transition  
,provisions1 ,prompt ,corrective        
,action1 ,standardized ,approach for    
,risk-weighted ,assets1 ,market         
,discipline and ,disclosure             
,requirements1 ,advanced ,approaches    
,risk-,based ,capital ,rule1 and ,market
 ,risk ,capital ,rule 7#gh ,fed4 ,reg4  
#fbjah2 published ,oct4 #aa1 #bjac1 and 
#gi ,fed4 ,reg4 #bjged2 published ,april
 #ad1 #bjad7 and any other regulation   
which incorporates a definition of the  
term non-significant investments in the 
capital of unconsolidated financial     
institutions1 the appropriate ,federal  
banking agencies shall provide that     
investments in trust preferred          
securities 7pooled and individual       

instruments7 by a depository institution
 or a depository institution holding    
company shall not be subject to         
deduction from the regulatory capital of
 such depository institution or         
depository institution holding company  
or any depository institution holding   
company of such an institution1 provided
 such investments were held prior to    
,july #ba1 #bjaj4  4  7b7 ,amendment to 
,basel ,,iii ,capital ,regulations ,not 
later than the end of the #c-month      
period beginning on the date of the     
enactment of this ,act1 the ,federal    
,deposit ,insurance ,corporation1 the   
,board of ,governors of the ,federal    
,reserve ,system1 and the ,comptroller  
of the ,currency shall amend the final  
rules titled ,regulatory ,capital       
,rules3 ,regulatory ,capital1           
,implementation of ,basel ,,iii1        
,capital ,adequacy1 ,transition         
,provisions1 ,prompt ,corrective        
,action1 ,standardized ,approach for    
,risk-weighted ,assets1 ,market         

,discipline and ,disclosure             
,requirements1 ,advanced ,approaches    
,risk-,based ,capital ,rule1 and ,market
 ,risk ,capital ,rule 7#gh ,fed4 ,reg4  
#fbjah2 published ,oct4 #aa1 #bjac1 and 
#gi ,fed4 ,reg4 #bjged2 published ,april
 #ad1 #bjad7 to implement the amendments
 made by this ,act4