HB4823: American Financial Institution Regulatory Sovereignty and Transparency Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To provide enhanced reporting requirements for Federal banking regulators, to amend the Federal Reserve Act to remove the designation of Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System, and for other purposes.
Plain-language summary
This bill requires federal banking regulators to provide more detailed reports to Congress about their activities and decisions. It also removes a specific Vice Chairman position focused on bank supervision from the Federal Reserve's leadership structure. The bill was introduced in the House but has not yet been considered by a . The legislation aims to increase transparency about how federal agencies oversee banks and financial institutions.
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HB4823: American Financial Institution Regulatory Sovereignty and Transparency Act of 2…
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Sponsors
Barry Loudermilk
Primary SponsorCo-sponsors (3)
Garland Barr
Mike Flood
Andrew Ogles