WASHINGTON — A top senator on Tuesday introduced a bill that would effectively call on banking regulators to stop and study the impact of Basel III capital rules before implementing a final rule.

Sen. Richard Shelby, R-Ala., a top member of the Senate Banking Committee, introduced the bill in order to assess whether the capital requirements U.S. regulators signed off on as part of the Basel III accord appropriately balance the need for banks to have higher standards while not disabling their ability to lend and support economic growth.

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