Bill > HR7513

This bill, known as the Greater Supervision In Banking Act of 2026 or the GSIB Act of 2026, requires global systemically important bank holding companies (GSIBs) – which are large financial institutions deemed crucial to the global economy and subject to stricter oversight – to submit detailed annual reports to the Board of Governors of the Federal Reserve System. These reports must cover a wide range of information, including the company's size and complexity, branch locations, any enforcement actions taken against the company or its affiliates (including those related to labor and health and safety violations), the number of employees dismissed for misconduct, details about capital market activities like trading and derivatives, compliance with the Volcker Rule (which restricts proprietary trading by banks), compensation and clawback policies, diversity initiatives, cybersecurity measures, whistleblower complaints, actions related to climate risk and environmental justice, investments in minority and community development financial institutions, and the use of artificial intelligence. The bill also mandates reporting on mergers and acquisitions and requires a comparison of how the company's disclosures have evolved over the past decade, with all submitted reports to be made publicly available by the Federal Reserve.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7513/all-info