summary
Introduced
03/15/2017
03/15/2017
In Committee
03/23/2017
03/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Financial Transparency Act of 2017 This bill amends the Financial Stability Act of 2010, the Investment Advisers Act of 1940, the Federal Deposit Insurance Act, and other laws to require federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.
AI Summary
This bill amends various financial laws to require federal financial regulatory agencies to adopt specified data standards for the information they receive. The data standards must make the information electronically searchable and machine-readable, use non-proprietary formats, and be consistent with accounting principles. The bill also requires these agencies to publish their public information as open data that is freely available for download. The bill is intended to enable the use of regulatory technology (RegTech) applications and improve transparency in financial reporting.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (34)
Darrell Issa (R)*,
Ralph Abraham (R),
Brian Babin (R),
Don Beyer (D),
Mike Bishop (R),
Jim Bridenstine (R),
Julia Brownley (D),
Barbara Comstock (R),
Charlie Crist (D),
John Delaney (D),
Blake Farenthold (R),
Trent Franks (R),
Randy Hultgren (R),
Will Hurd (R),
Jim Jordan (R),
Ro Khanna (D),
Derek Kilmer (D),
Peter King (R),
Carolyn Maloney (D),
Patrick McHenry (R),
Seth Moulton (D),
Robert Pittenger (R),
Ted Poe (R),
Jared Polis (D),
Mike Quigley (D),
Dennis Ross (R),
Edward Royce (R),
Mark Sanford (R),
David Schweikert (R),
Elise Stefanik (R),
David Trott (R),
Tim Walberg (R),
Mark Walker (R),
Joe Wilson (R),
Last Action
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. (on 03/23/2017)
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/115th-congress/house-bill/1530/all-info |
| BillText | https://www.congress.gov/115/bills/hr1530/BILLS-115hr1530ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr1530/BILLS-115hr1530ih.pdf.pdf |
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