I’m hopeful that all this risk-reducing activity will be fully recognized in the capital rules proposed by the bank regulators as we discussed yesterday in the full committee hearing on the topic.
Congress should recognize risk-reducing activity in the capital rules proposed by bank regulators.
Occurrences
introducing a targeted bill that preserves Oklahoma banks’ competitiveness and enhances financial stability across the nation
Evidence
The House Financial Services Committee said it held a hearing to examine prudential regulators' efforts to tailor regulatory frameworks, and the discussion explicitly covered capital reform, the Basel III re-proposal, and removing burdens such as the mortgage servicing asset deduction.
Assessments
The available evidence shows ongoing congressional and committee engagement with bank capital tailoring and the Basel III re-proposal, but it does not show that Congress formally recognized risk-reducing activity in the regulators' capital rules or that Frank D. Lucas secured that outcome. Because the desired policy change appears still under consideration and there is no clear enactment or formal regulatory recognition tied to his work, the promise is best scored as unresolved rather than delivered or partial.