1. Short title This Act may be cited as the Bank Safety Act of 2023 . 2. Inclusion of elements of accumulated other comprehensive income in capital requirements for covered financial institutions (a) In general Section 165 of the Financial Stability Act of 2010 ( 12 U.S.C. 5365 ) is amended by adding at the end the following new subsection: (l) Inclusion of elements of accumulated other comprehensive income (1) In general The computation of capital for purposes of meeting capital requirements for a covered financial institution shall include all accumulated other comprehensive income components, except for accumulated net gains and losses on cash flow hedges related to items that are not recognized at fair value. (2) Covered financial institution defined In this subsection, the term covered financial institution means— (A) a bank holding company (as defined in section 2(a) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841(a) )) with total consolidated assets greater than $100,000,000,000; (B) a insured depository institution over which a bank holding company does not have control with total consolidated assets greater than $100,000,000,000; or (C) any other bank holding company or insured depository institution, as determined by the appropriate Federal banking agencies. . (b) Applicability A covered financial institution (as defined in section 165(l) of the Financial Stability Act of 2010, as added by this Act) that elected to opt out of the requirement to report accumulated other comprehensive income components pursuant to the rule titled Changes to Applicability Thresholds for Regulatory Capital and Liquidity Requirements (84 Fed. Reg. 59230