Bill > HR4601

This bill, the Banking Regulator International Reporting Act, requires federal banking agencies, including the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration, and Federal Housing Finance Agency, to keep detailed records of their interactions with non-governmental international organizations, such as the Financial Stability Board and Basel Committee on Banking Supervision. The agencies must then submit annual reports to Congress outlining these interactions and providing information on the funding sources of the non-governmental international organizations. The purpose of this bill is to increase transparency and oversight of the federal banking agencies' engagement with international regulatory bodies.