This legislation mandates that global systemically important bank holding companies (GSIBs) submit comprehensive annual reports to the Federal Reserve Board, detailing their past activities and future objectives. These reports are designed to enhance transparency and oversight across a wide range of the companies' operations, from financial performance to their social and environmental impacts. The required disclosures are extensive, covering the GSIB's size and complexity , including subsidiaries and branch networks, and detailing any enforcement actions , employee misconduct, and capital market activities like trading and Volcker Rule compliance. Companies must also report on shareholder rights, the use of forced arbitration clauses , and their compensation policies, including executive pay compared to median employee compensation. Crucially, the bill requires GSIBs to detail their approach to diversity and inclusion , cybersecurity, and whistleblower complaints. A significant focus is placed on environmental and social governance, with mandates to report on climate risk actions, financed emissions targets, and fossil fuel financing. They must also disclose involvement in projects contributing to or mitigating environmental racism , and their investments in minority depository institutions. Finally, the reports must cover the GSIB's use of artificial intelligence , outlining benefits, risks, and mitigation strategies, alongside the impact of recent mergers or acquisitions . The Federal Reserve Board is required to make these detailed annual reports publicly available, fostering greater accountability and public access to critical information about these influential financial institutions.
Referred to the House Committee on Financial Services.
Finance and Financial Sector
GSIB Act of 2026
USA119th CongressHR-7513| House
| Updated: 2/11/2026
This legislation mandates that global systemically important bank holding companies (GSIBs) submit comprehensive annual reports to the Federal Reserve Board, detailing their past activities and future objectives. These reports are designed to enhance transparency and oversight across a wide range of the companies' operations, from financial performance to their social and environmental impacts. The required disclosures are extensive, covering the GSIB's size and complexity , including subsidiaries and branch networks, and detailing any enforcement actions , employee misconduct, and capital market activities like trading and Volcker Rule compliance. Companies must also report on shareholder rights, the use of forced arbitration clauses , and their compensation policies, including executive pay compared to median employee compensation. Crucially, the bill requires GSIBs to detail their approach to diversity and inclusion , cybersecurity, and whistleblower complaints. A significant focus is placed on environmental and social governance, with mandates to report on climate risk actions, financed emissions targets, and fossil fuel financing. They must also disclose involvement in projects contributing to or mitigating environmental racism , and their investments in minority depository institutions. Finally, the reports must cover the GSIB's use of artificial intelligence , outlining benefits, risks, and mitigation strategies, alongside the impact of recent mergers or acquisitions . The Federal Reserve Board is required to make these detailed annual reports publicly available, fostering greater accountability and public access to critical information about these influential financial institutions.