House Passes ABA-Backed Bill on Operational Risk Capital

In a bipartisan 245-169 vote, the House last night voted to pass the American Bankers Association-backed H.R. 4296. Introduced by Rep. Blaine Luetkemeyer (R-Mo.), the bill would prohibit the establishment of operational risk capital requirements based on a number of factors.

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Evan Sparks

Evan Sparks is editor-in-chief of the ABA Banking Journal and vice president for publications at the American Bankers Association.