#aaeth ,,congress  #b;d ,session  ,h4   
,r4 #dbif  ,,an ,,act  ,to place        
requirements on operational risk capital
 requirements for banking organizations 
established by an appropriate ,federal  
banking agency4  #a4 ,operational risk  
capital requirements for banking        
organizations  7a7 ,in general ,an      
appropriate ,federal banking agency may 
not establish an operational risk       
capital requirement for banking         
organizations1 unless such requirement--
 7#a7 is based primarily on the risks   
posed by a banking organization's       
current activities and businesses2  7#b7
 is appropriately sensitive to the risks
 posed by such current activities and   
businesses2  7#c7 is determined under a 
forward-looking assessment of potential 
losses that may arise out of a banking  
organization's current activities1      
businesses1 and exposures1 which is not 
solely based on a banking organization's
 historical losses2 and  7#d7 permits   
adjustments based on qualifying         

operational risk mitigants4  7b7        
,definitions ,for purposes of this      
section3  7#a7 ,appropriate ,federal    
banking agency ,the term appropriate    
,federal banking agency-- 7,a7 has the  
meaning given such term under section #c
 of the ,federal ,deposit ,insurance    
,act2 and  7,b7 means the ,national     
,credit ,union ,administration1 in the  
case of an insured credit union4  7#b7  
,banking organization ,the term banking 
organization means--  7,a7 an insured   
depository institution 7as defined under
 section #c of the ,federal ,deposit    
,insurance ,act72  7,b7 an insured      
credit union 7as defined under section  
#aja of the ,federal ,credit ,union     
,act72  7,c7 a depository institution   
holding company 7as defined under       
section #c of the ,federal ,deposit     
,insurance ,act72  7,d7 a company that  
is treated as a bank holding company for
 purposes of section #h of the          
,international ,banking ,act2 and  7,e7 
a ,u4,s4 intermediate holding company   

established by a foreign banking        
organization pursuant to section        
#beb4aec of title #ab1 ,code of ,federal
 ,regulations4  #b4 ,reduction of       
surplus funds of ,federal reserve banks 
7a7 ,in general ,section #g7;a77#c77;,a7
 of the ,federal ,reserve ,act 7#ab     
,u4,s4,c4 #bhi7;a77#c77;,a77 is amended 
by striking #g1ejj1jjj1jjj and inserting
 #g1dfh1ega1dbh4  7b7 ,effective date   
,subsection 7a7 shall take effect on    
,may #a1 #bjah4  ,passed the ,house of  
,representatives ,february #bg1         
#bjah4;,clerk4