HR 4206
Bank Safety Act of 2024
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Bill overview
The Bank Safety Act of 2024 amends the Financial Stability Act of 2010 to require larger banks and certain other financial institutions to include a wider range of income – specifically accumulated other comprehensive income – when calculating their capital levels. This change aims to provide a more comprehensive view of a bank’s financial health and strengthen the financial system. The bill expands the scope of institutions required to consider this income, building on previous regulations. The final rules implementing this act will be issued by December 31, 2024.
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