Financial Transparency Act of 2021

United States117th CongressHR-2989House of Representatives
Updated: Oct 26, 2021

Summary

Financial Transparency Act of 2021 This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency. The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)

Bill texts

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Timeline

  1. Considered as unfinished business. (consideration: CR H5854-5855)

    House of Representatives

  2. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 19 (Roll no. 333). (text: CR H5840-5846)

    House of Representatives

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  3. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  4. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate