II 

113TH CONGRESS 

1ST SESSION S. 731 

To require the Board of Governors of the Federal Reserve System, the 

Federal Deposit Insurance Corporation, and the Office of the Comptroller 

of the Currency to conduct an empirical impact study on proposed 

rules relating to the International Basel III agreement on general riskbased capital requirements, as they apply to community banks. 

IN THE SENATE OF THE UNITED STATES 

APRIL 16, 2013 

Mr. MANCHIN (for himself and Mr. HELLER) introduced the following bill; 

which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To require the Board of Governors of the Federal Reserve 

System, the Federal Deposit Insurance Corporation, and 

the Office of the Comptroller of the Currency to conduct 

an empirical impact study on proposed rules relating 

to the International Basel III agreement on general riskbased capital requirements, as they apply to community 

banks. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 


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•S 731 IS

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Basel III Common3 sense Approach for Small Entities Act’’ or the ‘‘Basel III 

4 CASE Act’’. 

5 SEC. 2. FINAL RULES PENDING IMPACT STUDY. 

6 (a) IN GENERAL.—The Board of Governors of the 

7 Federal Reserve System, the Federal Deposit Insurance 

8 Corporation, and the Office of the Comptroller of the Cur9 rency (in this Act collectively referred to as the ‘‘Federal 

10 banking agencies’’) shall conduct an empirical study in ac11 cordance with subsection (b) prior to issuing any final rule 

12 in relation to proposals issued by the Federal banking 

13 agencies for the International Basel III agreement on gen14 eral risk-based capital requirements. 

15 (b) ISSUES TO BE STUDIED.—The study required by 

16 this section shall include— 

17 (1) a quantitative analysis of the impact of such 

18 rule on the financial services sector of the United 

19 States, specifically community, mid-size, and re20 gional financial institutions; and 

21 (2) a determination of the long-term impact of 

22 the such rule, including changes to the current risk 

23 weight framework. 


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•S 731 IS

1 SEC. 3. VOLUNTARY PARTICIPATION. 

2 Any financial institution may voluntarily provide in3 formation for the study upon the request of the agencies, 

4 but may not be required to provide such information. 

5 SEC. 4. FINAL REPORT. 

6 (a) AVAILABILITY TO THE PUBLIC.—A final report 

7 on the completed study required by this Act shall be made 

8 available to the public for notice and comment for a period 

9 of not less than 3 months. 

10 (b) REVIEW.—The Federal banking agencies shall re11 view any comments submitted under subsection (a), and 

12 following such review, shall prescribe new rules, if appro13 priate, based on the results of the study and such com14 ments. Notwithstanding any other provision of law, a new 

15 rulemaking following such comment period shall include 

16 an additional comment period of not less than 3 months. 

Æ 


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