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I
116TH CONGRESS
1ST SESSION H. R. 4233
To require the Federal banking agencies to increase the risk-sensitivity of
the capital treatment of certain centrally cleared exchange-listed deriva-
tives, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
SEPTEMBER 6, 2019
Mr. GOODEN introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To require the Federal banking agencies to increase the
risk-sensitivity of the capital treatment of certain cen-
trally cleared exchange-listed derivatives, and for other
purposes.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Options Market Sta-
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bility Act of 2019’’.
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SEC. 2. DERIVATIVE CONTRACTS.
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(a) DEFINITIONS.—In this section, the terms ‘‘depos-
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itory institution’’ and ‘‘depository institution holding com-
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pany’’ have the meanings given those terms in section 3
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of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(b) REQUIREMENT.—Not later than December 31,
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2019, the Board of Governors of the Federal Reserve Sys-
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tem, the Federal Deposit Insurance Corporation, and the
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Comptroller of the Currency shall—
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(1) jointly issue a final rule relating to the no-
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tice of proposed rule making entitled ‘‘Standardized
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Approach for Calculating the Exposure Amount of
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Derivative Contracts’’ (83 Fed. Reg. 64660; Decem-
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ber 17, 2018); or
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(2) implement relief that allows for the adop-
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tion
of
a
methodology
for
calculating
the
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counterparty credit risk exposure, at default, of a
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depository institution, depository institution holding
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company, or affiliate thereof to a client arising from
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a guarantee provided by the depository institution,
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depository institution holding company, or affiliate
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thereof to a central counterparty in respect of the
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client’s performance under an exchange-listed deriv-
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ative
contract
cleared
through
that
central
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counterparty pursuant to the risk-based and lever-
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age-based capital rules applicable to depository insti-
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tutions and depository institution holding companies
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under parts 3, 217, and 324 of title 12, Code of
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Federal Regulations, that reflects the economic value
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of delta weighting and netting.
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Æ
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