This is Queen Street Analytics' weekly digest of regulatory developments, legislative discussions and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies. Once a week, we break down the most important updates in this space in under five minutes.

Want to track other GR news in adjacent industries? Don’t miss this week’s updates in ICT & Cybersecurity. Also consider subscribing to our Finance - Ottawa edition covering critical GR news north of the border.

Dates: 2026-03-22 to 2026-03-28

📋 In This Week's Newsletter

• 🇺🇸 Federal Government News
• 📜 Legislative Updates
• 📚 What We're Reading This Week

Federal Government News

Federal Agencies Propose Expanded Risk-Based Capital Rule for Large Banks and Trading Firms

The Office of the Comptroller of the Currency, Federal Reserve Board, and Federal Deposit Insurance Corporation released a joint notice regarding an expansive regulatory capital rule affecting Category I and II banking organizations and firms with significant trading activity. The proposal would modernize capital requirements, revamp market risk calculation methods, and offer elective adoption for other banks. The agencies outlined extensive technical requirements and seek comments on both the capital rule change and associated information collection revisions. All comments are due by June 18, 2026, and will be publicly available via multiple platforms as described in the notice.

Sources: www.federalregister.gov

Standardized Approach Capital Rule Revision Proposed for Public Comment

The OCC, Federal Reserve Board, and FDIC have proposed amendments to the standardized approach capital rule, aiming to recalibrate risk weights for several exposure categories. The proposal would revise the treatment of mortgage servicing assets and AOCI recognition, and expand the disclosure threshold indexing. Category III and IV banking organizations would be required to include most elements of AOCI in capital. The agencies are seeking public feedback by June 18, 2026.

Sources: www.federalregister.gov

Regulatory Capital Surcharges for Global Systemically Important Bank Holding Companies (GSIBs); Amendments Proposed

The Federal Reserve Board issued a proposed rule targeting risk-based capital surcharges for GSIBs and related Systemic Risk Report (FR Y-15) requirements. Key changes include a downward adjustment and annual GDP-indexing of method 2 coefficients, changes to the short-term wholesale funding indicator, and increased score sensitivity with narrower bands. Clarifications and amendments affect systemic indicator definitions and reporting schedules. Stakeholders must submit comments by June 18, 2026.

Sources: www.federalregister.gov

Information Collection Proposals: PRA Updates Announced

The OCC, Federal Reserve Board, and FDIC announced a coordinated request for comment on revised information collection practices linked to new capital rule proposals. Estimated burden hours have been revised for each agency, and public input is invited through multiple submission channels until May 26, 2026. The agencies outlined that submitted comments will be publicly posted and inter-agency reviewed.

Sources: www.federalregister.gov

Small Business Administration Publishes Notice on Licensee Exemption Request

The SBA issued a public notice regarding First In Ventures Fund 3 SBIC Critical Technologies LP's request for exemption under Section 312 of the Small Business Investment Act. The request concerns a financing for SCATR Corporation, which would trigger a conflict of interest due to common control with other SBIC funds holding more than 10% ownership. Comments on this transaction must be submitted within 15 days to SBA's Associate Administrator for Investment.

Sources: www.federalregister.gov

Legislative Updates

A bill to amend title 31, United States Code, to require certain financial institutions to verify the citizenship and legal status of individuals, and for other purposes. (S. 4206)

S. 4206 was introduced in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs. The measure proposes that certain financial institutions must verify customers' citizenship and legal status.

Sources: www.congress.gov

Bankruptcy Threshold Adjustment Act of 2026 (H.R. 7730)

The House Committee ordered H.R. 7730 to be reported, as amended, by voice vote. The bill addresses modifications to bankruptcy filing thresholds for certain debtors.

Sources: www.congress.gov

Restoring the Secondary Trading Market Act (H.R. 7127)

H.R. 7127 has been placed on the Union Calendar, Calendar No. 493. The bill focuses on provisions designed to improve liquidity in the secondary trading market.

Sources: www.congress.gov

To require FDIC and NCUA to review deposit insurance coverage for covered transaction accounts. (H.R. 8090)

Introduced and referred to the House Committee on Financial Services, this bill would direct FDIC and NCUA to conduct and publish an analysis on the adequacy of insurance coverage for covered transaction accounts.

Sources: www.congress.gov

To amend the Federal Deposit Insurance Act to provide deposit insurance for noninterest-bearing transaction accounts, and for other purposes. (S. 4198 & H.R. 8087)

Both Senate and House bills have been introduced to expand federal deposit insurance to noninterest-bearing transaction accounts. S. 4198 is before the Senate Banking Committee; H.R. 8087 is before the House Financial Services Committee.

Sources: www.congress.gov, www.congress.gov

What We're Reading This Week

• The Complicated Financial Lives of Dentists, the Millionaires Next Door: Some dentists are managing substantial income and investment portfolios, often accumulating millionaire net worth through a combination of professional practice and financial strategy.
• A Coach, Mechanic or Housekeeper, but for Your Finances: Daily money managers are taking on more prominent roles for clients seeking to organize and monitor their financial affairs.

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