The U.S. House Financial Services Committee is holding a hearing on newly released federal bank capital proposals covering revised Basel III rules for the largest banks, changes to the standardized approach capital rule, and a proposed adjustment to the surcharge for global systemically significant banks. In prepared remarks, Vice Chairman Bill Huizenga said the Committee's review is focused on whether the package is appropriately tailored to risk, supports lending and economic growth, and preserves the global competitiveness of U.S. financial institutions. Huizenga said the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Reserve released the revised Basel III proposal in March in response to bipartisan and broader criticism of the 2023 version. He also said the revised framework drops the earlier proposal's mortgage risk weights and moves U.S. requirements closer to international norms, while the standardized approach and GSIB surcharge proposals would refine how capital standards apply across banks generally and to GSIBs specifically.
U.S. Financial Services Committee 2026-04-28
U.S. House Financial Services Committee holds hearing on revised bank capital proposals including Basel III and GSIB surcharge changes
The U.S. House Financial Services Committee is holding a hearing on newly released federal bank capital proposals, including revised Basel III rules for the largest banks, changes to the standardized approach capital rule, and an adjustment to the global systemically important bank surcharge. Vice Chairman Bill Huizenga said the review will assess whether the package is appropriately risk-based, supports lending and growth, and maintains U.S. banks’ global competitiveness, noting that the revised Basel III framework responds to criticism of the 2023 proposal and aligns U.S. requirements more closely with international norms.