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US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-725
BANK SAFETY ACT OF 2024
NOVEMBER 1, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. McHENRY, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 4206]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4206) to amend the Financial Stability Act of 2010 to re-
quire covered financial institutions to include elements of accumu-
lated other comprehensive income when calculating capital for pur-
poses of meeting capital requirements, and for other purposes, hav-
ing considered the same, reports favorably thereon with an amend-
ment and recommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 2
Background and Need for Legislation .................................................................... 3
R elated H earings ..................................................................................................... 3
Com m ittee Consideration ........................................................................................ 3
C om m ittee V otes ..................................................................................................... 4
Com m ittee Oversight Findings ............................................................................... 4
Perform ance Goals and Objectives ......................................................................... 4
Congressional Budget Office Estimates ................................................................. 4
New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 6
Federal M andates Statem ent ................................................................................. 6
Advisory Com m ittee Statem ent .............................................................................. 6
Applicability to Legislative Branch ........................................................................ 6
Earm ark Identification ............................................................................................ 6
Duplication of Federal Program s ............................................................................ 6
Section-by-Section Analysis of the Legislation ...................................................... 6
Changes in Existing Law Made by the Bill, as Reported ................. 7
The amendment is as follows:
Strike all after the enacting clause and insert the following:
59-006](ViewImageLocal?handle=hein.congrecreports/crptxagpz0001&div=1&collection=&method=preview&ext=.png&size=3)