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Ensuring U.S. Authority over U.S. Banking Regulations Act

USA118th CongressHR-4649| House 
| Updated: 7/14/2023
Barry Loudermilk

Barry Loudermilk

Republican Representative

Georgia

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Ensuring U.S. Authority over U.S. Banking Regulations Act This bill requires specified banking regulatory entities to make certain disclosures when engaging with or implementing major rules to conform with recommendations from certain non-governmental international organizations. Specifically, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Agency must submit to Congress notice, testimony, and a detailed economic analysis with respect to the proposed or final rule prior to its issuance. Further, in order to engage with certain international organizations about climate-related financial risks, these entities must report on the entity's activities with the organization and the organization's funding sources.
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Timeline
Jul 14, 2023
Introduced in House
Jul 14, 2023
Referred to the House Committee on Financial Services.
  • July 14, 2023
    Introduced in House


  • July 14, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 118-4823: American FIRST Act of 2023

Ensuring U.S. Authority over U.S. Banking Regulations Act

USA118th CongressHR-4649| House 
| Updated: 7/14/2023
Ensuring U.S. Authority over U.S. Banking Regulations Act This bill requires specified banking regulatory entities to make certain disclosures when engaging with or implementing major rules to conform with recommendations from certain non-governmental international organizations. Specifically, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Agency must submit to Congress notice, testimony, and a detailed economic analysis with respect to the proposed or final rule prior to its issuance. Further, in order to engage with certain international organizations about climate-related financial risks, these entities must report on the entity's activities with the organization and the organization's funding sources.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 14, 2023
Introduced in House
Jul 14, 2023
Referred to the House Committee on Financial Services.
  • July 14, 2023
    Introduced in House


  • July 14, 2023
    Referred to the House Committee on Financial Services.
Barry Loudermilk

Barry Loudermilk

Republican Representative

Georgia

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 118-4823: American FIRST Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted