,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #dbif  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #h1 #bjag,mr4
 ,luetkemey] 7= himself & ,mr4 ,meeks7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to place requirem5ts on        
op]ational risk capital requirem5ts =   
bank+ organizations e/abli%$ by an      
appropriate ,f$]al bank+ ag5cy4  #a4    
,op]ational risk capital requirem5ts =  
bank+ organizations  7a7 ,9 g5]al ,an   
appropriate ,f$]al bank+ ag5cy may n    
e/abli% an op]ational risk capital      
requirem5t = bank+ organizations1 unless
 su* requirem5t--  7#a7 is bas$ prim>ily
 on ! risks pos$ by a bank+             
organization's curr5t activities &      
bus9esses2  7#b7 is appropriately       
s5sitive to ! risks pos$ by su* curr5t  
activities & bus9esses2  7#c7 is det]m9$
 "u a =w>d-look+ assessm5t ( pot5tial   
losses t may arise out ( a bank+        
organization's curr5t activities1       
bus9esses1 & exposures1 :i* is n solely 

bas$ on a bank+ organization's hi/orical
 losses2 &  7#d7 p]mits adju/m5ts bas$  
on qualify+ op]ational risk mitigants4  
7b7 ,def9itions ,= purposes ( ?is       
section3  7#a7 ,appropriate ,f$]al bank+
 ag5cy ,! t]m appropriate ,f$]al bank+  
ag5cy-- 7,a7 has ! mean+ giv5 su* t]m "u
 section #c ( ! ,f$]al ,deposit         
,insurance ,act2 &  7,b7 means !        
,national ,cr$it ,union ,adm9i/ration1 9
 ! case ( an insur$ cr$it union4  7#b7  
,bank+ organization ,! t]m bank+        
organization means--  7,a7 an insur$    
depository in/itution 7z def9$ "u       
section #c ( ! ,f$]al ,deposit          
,insurance ,act72  7,b7 an insur$ cr$it 
union 7z def9$ "u section #aja ( !      
,f$]al ,cr$it ,union ,act72  7,c7 a     
depository in/itution hold+ company 7z  
def9$ "u section #c ( ! ,f$]al ,deposit 
,insurance ,act72  7,d7 a company t is  
treat$ z a bank hold+ company = purposes
 ( section #h ( ! ,int]national ,bank+  
,act2 &  7,e7 a ,u4,s4 int]m$iate hold+ 
company e/abli%$ by a =eign bank+       

organization pursuant to section        
#beb4aec ( title #ab1 ,code ( ,f$]al    
,regulations4