,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #egdi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #aj1 #bjah,mr4   
,hultgr5 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to require !      
appropriate ,f$]al bank+ ag5cies to     
increase ! risk-s5sitivity ( ! capital  
treatm5t ( c]ta9 c5trally cle>$ options1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,options ,m>kets  
,/ability ,act4  #b4 ,cr$it exposure =  
gu>antees ( c5trally cle>$ options  7a7 
,def9itions ,9 ?is section1 ! t]ms      
affiliate1 appropriate ,f$]al bank+     
ag5cy1 depository in/itution1 &         
depository in/itution hold+ company h ! 
mean+s giv5 ^? t]ms1 respectively1 9    
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7b7 ,treatm5t ( c]ta9 c5trally cle>$    
option d]ivatives exposures ,= purposes 
( calculat+ ! c\nt]p>ty cr$it risk      
exposure ( a depository in/itution1     
depository in/itution hold+ company1 or 

affiliate !re(1 to a cli5t aris+ f a    
gu>antee provid$ by ! depository        
in/itution1 depository in/itution hold+ 
company1 or affiliate !re( to a c5tral  
c\nt]p>ty 9 respect ( ! cli5t's p]=mance
 "u a d]ivative contract cle>$ ?r\gh t  
c5tral c\nt]p>ty pursuant to ! risk-bas$
 & lev]age-bas$ capital rules applicable
 to depository in/itutions & depository 
in/itution hold+ companies "u p>ts #c1  
#bag1 & #cbd ( title #ab1 ,code ( ,f$]al
 ,regulations1 ! t]m effective notional 
pr9cipal am\nt ) respect to su* c5trally
 cle>$ d]ivative contract means !       
hypo!tical on-balance %eet position 9 ! 
und]ly+ asset t w\ld evid5ce ! same     
*ange 9 fair value 7measur$ 9 doll>s7   
giv5 a small *ange 9 ! price ( ! und]ly+
 asset4  7c7 ,calculation ( exposure =  
c5trally cle>$ d]ivatives ,= purposes ( 
calculat+ ! c\nt]p>ty cr$it risk        
exposure ( a depository in/itution1     
depository in/itution hold+ company1 or 
affiliate !re( to a cli5t aris+ f a     
gu>antee provid$ by ! depository        

in/itution1 depository in/itution hold+ 
company1 or affiliate !re( to a c5tral  
c\nt]p>ty 9 respect ( ! cli5t's p]=mance
 "u a d]ivative contract cle>$ ?r\gh t  
c5tral c\nt]p>ty pursuant to ! risk-bas$
 & lev]age-bas$ capital rules applicable
 to depository in/itutions & depository 
in/itution hold+ companies "u p>ts #c1  
#bag & #cbd ( title #ab1 ,code ( ,f$]al 
,regulations1 ! (fsett+ nature (        
significantly & reliably correlat$      
positions )9 a nett+ set mu/ be reflect$
 9 a mann] consi/5t ) ! risk (fsets     
provid$ by ! c5tral c\nt]p>ty4