Section 1 Short title
This Act may be cited as the “Stop Basel Endgame Act”.
Stop Basel Endgame Act
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.
Sec. 2 Withdrawal of Regulatory Capital Rule
In general— The head of each covered agency—
shall withdraw the proposed rule entitled “Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity” (88 Fed. Reg. 64028); and
may not take any action to finalize, implement, or enforce the proposed rule described in paragraph (1) or any substantially similar rule.
Covered agency defined— For purposes of this section, the term covered agency means each of the following Federal agencies:
The Office of the Comptroller of the Currency.
The Federal Reserve System.
The Federal Deposit Insurance Corporation.