3.0.0 4295 2022-12-29T16:48:34Z 2022-12-29T16:48:34Z Senate S 2022-05-24 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2022-05-24T20:21:46Z 2022-05-24 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-05-24 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2022-05-24 True G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2022-08-03 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2022-09-28 False Finance and Financial Sector Finance and Financial Sector 00 2022-05-24 Introduced in Senate 2022-12-02T16:04:33Z Financial Data Transparency Act of 2022

This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.

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.)

The Government Accountability Office must report on the feasibility of applying the taxonomy established by this bill to the wider federal government.

]]> Financial Data Transparency Act of 2022 Display Title Financial Data Transparency Act of 2022 Short Title(s) as Introduced Financial Data Transparency Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to amend securities and banking laws to make the information reported to financial regulatory agencies electronically searchable, to further enable the development of regulatory technologies 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. Introduced in Senate IS Introduced in Senate 2022-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4295is/xml/BILLS-117s4295is.xml 2022-05-24 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN 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. Congressional Research Service, Library of Congress 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.