H.R. 7143 — Introduced in House

I 118th CONGRESS 2d Session H. R. 7143 IN THE HOUSE OF REPRESENTATIVES January 30, 2024Mr. Ogles (for himself and Mr. Donalds) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the heads of certain agencies to withdraw a proposed rule relating to capital requirements applicable to large banking organizations and banking organizations with significant trading activity, and for other purposes. 1. Short title This Act may be cited as the Stop Basel Endgame Act. 2. Withdrawal of Regulatory Capital Rule (a) In general The head of each covered agency— (1) shall withdraw the proposed rule entitled Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity (88 Fed. Reg. 64028); and (2) may not take any action to finalize, implement, or enforce the proposed rule described in paragraph (1) or any substantially similar rule. (b) Covered agency defined For purposes of this section, the term covered agency means each of the following Federal agencies: (1) The Office of the Comptroller of the Currency. (2) The Federal Reserve System. (3) The Federal Deposit Insurance Corporation.