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Code · BILL · 113th Congress · H.R. 1221 (Introduced in House) — To require the Federal banking agencies to conduct an impact study on the cumulative effect of certain provisions of... · Sec. 4

Sec. 4. Competitive equality

123 words·~1 min read·/bill/113/hr/1221/ih/section-4

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Section 908(a)(1) of the International Lending Supervision Act of 1983 ( 12 U.S.C. 3907(a)(1) ) is amended by inserting at the end the following: Each appropriate Federal banking agency shall, consistent with safety and soundness, seek to ensure that any differences in rules implementing the capital standards required under this section or other provisions of Federal law for banking institutions, savings associations, bank holding companies, and savings and loan holding companies do not give competitive advantages to any class or group of such institutions, associations, or companies unless required by other Federal law, and do not undermine any requirements for enhanced supervision and prudential standards required by section 115 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5325). .
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