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Withdrawal of Proposed Capital Requirements for Large Banks

This act aims to stop the implementation of new, stricter rules regarding the amount of money large banks must hold as a safeguard. This means banks will not have to adapt to these changes, which could impact financial stability and the availability of credit for citizens and businesses.
Key points
Requires federal agencies to withdraw the proposed rule on capital requirements for large banking organizations.
Prohibits these agencies from finalizing, implementing, or enforcing this rule or any similar rule in the future.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_7143
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2024-01-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Basel Endgame Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7143.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-01-30.

What are the main provisions?

Key points include:

  • Requires federal agencies to withdraw the proposed rule on capital requirements for large banking organizations.
  • Prohibits these agencies from finalizing, implementing, or enforcing this rule or any similar rule in the future.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ogles, Andrew [R-TN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy