House bill introduces transparency requirements for systemic risk authority
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Table of Contents
The Systemic Risk Authority Transparency Act was introduced in the House and has been sent to the Senate. Once there, it was read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Why it matters: This is a procedural move intended to increase oversight of how financial regulators identify potential economic threats. Its practical impact depends on whether the new reporting requirements change how much information the public and Congress receive about financial stability monitoring.
Who it affects
- Financial institutions subject to FSOC oversight
This information comes from Congress.gov regarding a bill introduced in the House; check the official text for specific details before relying on it.
Agency: House
Source: Congress.gov — read the official document