Sec. 603. Contingent capital study
125 words·~1 min read·
/bill/115/hr/10/rh/section-603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency shall each carry out a study, which shall include holding public hearings, on how to design a requirement that banking organizations issue contingent capital with a market-based conversion trigger. Not later than the end of the 1-year period beginning on the date of the enactment of this Act, each agency described under subsection
(a)shall submit a report to the Congress containing— all findings and determinations made by the agency in carrying out the study required under subsection (a); and the agency’s recommendations on how the Congress should design a requirement that banking organizations issue contingent capital with a market-based conversion trigger.