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    <number>2989</number>
    <updateDate>2023-03-08T19:59:03Z</updateDate>
    <updateDateIncludingText>2023-09-05T17:28:05Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2021-05-04</introducedDate>
    <congress>117</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 167, Number 77 (Tuesday, May 4, 2021)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mrs. CAROLYN B. MALONEY of New York:H.R. 2989.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2142]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred to</name>
            <date>2021-10-26T20:30:58Z</date>
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        <name>Agriculture Committee</name>
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            <name>Commodity Markets, Digital Assets, and Rural Development Subcommittee</name>
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                <date>2021-06-21T14:26:17Z</date>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2021-05-04T14:05:15Z</date>
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        <actionDate>2021-10-26</actionDate>
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        <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
        <type>IntroReferral</type>
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      <item>
        <actionDate>2021-10-25</actionDate>
        <actionTime>19:23:36</actionTime>
        <text>Motion to reconsider laid on the table Agreed to without objection.</text>
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        <actionCode>H38310</actionCode>
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          <name>House floor actions</name>
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      <item>
        <actionDate>2021-10-25</actionDate>
        <actionTime>19:23:35</actionTime>
        <text>On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 19 (Roll no. 333). (text: CR H5840-5846)</text>
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            <congress>117</congress>
            <date>2021-10-25T23:23:35Z</date>
            <sessionNumber>1</sessionNumber>
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        <actionDate>2021-10-25</actionDate>
        <actionTime>19:23:35</actionTime>
        <text>Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 19 (Roll no. 333).(text: CR H5840-5846)</text>
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          <name>Library of Congress</name>
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            <chamber>House</chamber>
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            <date>2021-10-25T23:23:35Z</date>
            <sessionNumber>1</sessionNumber>
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      </item>
      <item>
        <actionDate>2021-10-25</actionDate>
        <actionTime>19:04:13</actionTime>
        <text>Considered as unfinished business. (consideration: CR H5854-5855)</text>
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        <actionCode>H30000</actionCode>
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          <code>2</code>
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      <item>
        <actionDate>2021-10-25</actionDate>
        <actionTime>17:24:49</actionTime>
        <text>At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.</text>
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        <actionCode>H37220</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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      </item>
      <item>
        <actionDate>2021-10-25</actionDate>
        <actionTime>17:12:15</actionTime>
        <text>DEBATE - The House proceeded with forty minutes of debate on H.R. 2989.</text>
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      <item>
        <actionDate>2021-10-25</actionDate>
        <actionTime>17:12:03</actionTime>
        <text>Considered under suspension of the rules. (consideration: CR H5840-5848)</text>
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        <actionCode>H30000</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
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      <item>
        <actionDate>2021-10-25</actionDate>
        <actionTime>17:11:44</actionTime>
        <text>Ms. Waters moved to suspend the rules and pass the bill, as amended.</text>
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        <actionCode>H30300</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
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      </item>
      <item>
        <actionDate>2021-06-21</actionDate>
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            <name>Commodity Markets, Digital Assets, and Rural Development Subcommittee</name>
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        <text>Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.</text>
        <type>Committee</type>
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      <item>
        <actionDate>2021-05-04</actionDate>
        <text>Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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            <systemCode>hsag00</systemCode>
            <name>Agriculture Committee</name>
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      <item>
        <actionDate>2021-05-04</actionDate>
        <text>Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
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        <actionDate>2021-05-04</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>M000087</bioguideId>
        <fullName>Rep. Maloney, Carolyn B. [D-NY-12]</fullName>
        <firstName>CAROLYN</firstName>
        <lastName>MALONEY</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>B.</middleName>
        <district>12</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>M001156</bioguideId>
        <fullName>Rep. McHenry, Patrick T. [R-NC-10]</fullName>
        <firstName>Patrick</firstName>
        <lastName>McHenry</lastName>
        <party>R</party>
        <state>NC</state>
        <district>10</district>
        <sponsorshipDate>2021-05-04</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Commodities markets</name>
        </item>
        <item>
          <name>Commodity Futures Trading Commission</name>
        </item>
        <item>
          <name>Congressional oversight</name>
        </item>
        <item>
          <name>Consumer Financial Protection Bureau</name>
        </item>
        <item>
          <name>Corporate finance and management</name>
        </item>
        <item>
          <name>Department of the Treasury</name>
        </item>
        <item>
          <name>Federal Deposit Insurance Corporation (FDIC)</name>
        </item>
        <item>
          <name>Federal Housing Finance Agency</name>
        </item>
        <item>
          <name>Federal Reserve System</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
        <item>
          <name>Government information and archives</name>
        </item>
        <item>
          <name>National Credit Union Administration</name>
        </item>
        <item>
          <name>Securities</name>
        </item>
        <item>
          <name>Securities and Exchange Commission (SEC)</name>
        </item>
        <item>
          <name>State and local finance</name>
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      <policyArea>
        <name>Finance and Financial Sector</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2021-05-04</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2021-09-30T20:07:12Z</updateDate>
        <text><![CDATA[ <p><b>Financial Transparency Act of 2021</b></p> <p>This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.</p>]]></text>
      </summary>
      <summary>
        <versionCode>53</versionCode>
        <actionDate>2021-10-25</actionDate>
        <actionDesc>Passed House</actionDesc>
        <updateDate>2021-11-01T19:32:43Z</updateDate>
        <text><![CDATA[ <p><b>Financial Transparency Act of 2021</b></p> <p>This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.</p> <p>The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)</p>]]></text>
      </summary>
    </summaries>
    <title>Financial Transparency Act of 2021</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Financial Transparency Act of 2021</title>
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        <titleType>Short Title(s) as Passed House</titleType>
        <title>Financial Transparency Act of 2021</title>
        <chamberCode>H</chamberCode>
        <chamberName>House</chamberName>
        <billTextVersionName>Engrossed in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend securities and banking laws to make the information reported to financial regulatory agencies electronically searchable, to further enable the development of RegTech and Artificial Intelligence applications, to put the United States on a path towards building a comprehensive Standard Business Reporting program to ultimately harmonize and reduce the private sector’s regulatory compliance burden, while enhancing transparency and accountability, and for other purposes.</title>
        <billTextVersionName>Engrossed in House</billTextVersionName>
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        <titleType>Short Title(s) as Introduced</titleType>
        <title>Financial Transparency Act of 2021</title>
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        <titleType>Short Titles as Passed House</titleType>
        <title>Financial Transparency Act of 2021</title>
        <chamberCode>H</chamberCode>
        <chamberName>House</chamberName>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend securities, commodities, and banking laws to make the information reported to financial regulatory agencies electronically searchable, to further enable the development of RegTech and Artificial Intelligence applications, to put the United States on a path towards building a comprehensive Standard Business Reporting program to ultimately harmonize and reduce the private sector's regulatory compliance burden, while enhancing transparency and accountability, and for other purposes.</title>
      </item>
    </titles>
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        <type>Referred in Senate</type>
        <date>2021-10-26T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-117hr2989rfs/xml/BILLS-117hr2989rfs.xml</url>
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    <latestAction>
      <actionDate>2021-10-26</actionDate>
      <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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