summary
Introduced
07/14/2023
07/14/2023
In Committee
07/14/2023
07/14/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To provide for additional requirements when Federal banking agencies undertake rulemakings that implement policies of non-governmental international organizations, to require Federal banking agencies to report on certain covered international organizations, and for other purposes.
AI Summary
This bill, the Ensuring U.S. Authority over U.S. Banking Regulations Act, introduces additional requirements for federal banking agencies when they undertake rulemakings that implement policies of non-governmental international organizations, such as the Financial Stability Board or the Basel Committee on Banking Supervision. Specifically, the bill requires these agencies to provide Congress with notice, testimony, and a detailed economic analysis before proposing or finalizing a "major covered rule" - defined as a rule that would have an effect of $10 billion or more on the U.S. economy over 10 years. The bill also requires federal banking regulators to report annually on their activities and funding sources related to certain international organizations focused on climate-related financial risk.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 07/14/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4649/all-info |
| BillText | https://www.congress.gov/118/bills/hr4649/BILLS-118hr4649ih.pdf |
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