It has cleared committee and can be brought up at any time, though no date is set.
Finance and Financial SectorBanking and financial institutions regulationBusiness recordsCongressional oversightCorporate finance and managementForeign and international bankingGovernment information and archivesGovernment studies and investigations
Why This Matters
This bill makes the Federal Reserve report every year on its interactions with global financial groups. It aims to ensure transparency about how U.S. banking agencies operate on an international level.
If you work in banking or finance, this bill could change how your agency reports its global activities.
Who this affects
U.S. banking officials · policymakers · global financial organizations
What changes is this bill making?
1This bill requires annual reports from the Federal Reserve on its global interactions.
2The reports must list all global financial forums the Federal Reserve is part of.
3Each report will describe the purposes and funding sources of these global forums.
4The Federal Reserve must detail the issues discussed at these forums.
5The bill aims to improve transparency in how U.S. banking agencies interact globally.
