3.0.0
3466
2025-05-27T14:12:17Z
2025-05-27T14:12:17Z
House
H
HR
2023-05-18
118
[Congressional Record Volume 169, Number 84 (Thursday, May 18, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 3466.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3:To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes;The single subject of this legislation is:To enhance the transparency of FSOC's activities.[Page H2457]
- hsru00
Rules Committee
House
Standing
  - Referred To
2023-05-18T13:11:35Z
- hsba00
Financial Services Committee
House
Standing
  - Referred To
2023-05-18T13:11:30Z

- Increasing Financial Regulatory Accountability and Transparency Act
118
3556
HR
2024-12-19
Placed on the Union Calendar, Calendar No. 781.
  - Related bill
CRS
- 2023-05-18
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
IntroReferral
H11100
2
House floor actions
  - hsru00
Rules Committee
- 2023-05-18
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-05-18
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-05-18
Introduced in House
IntroReferral
1000
9
Library of Congress
- B001282
Rep. Barr, Andy [R-KY-6]
Andy
Barr
R
KY
6
N
- L000583
Rep. Loudermilk, Barry [R-GA-11]
Barry
Loudermilk
R
GA
11
2023-05-18
True
Finance and Financial Sector
Finance and Financial Sector
2023-06-08T16:31:47Z
00
2023-05-18
Introduced in House
2024-02-21T18:47:33Z
This bill makes several changes to the Financial Stability Oversight Council (FSOC), including by requiring congressional approval before certain activities, eliminating certain duties, and by capping FSOC assessments. The FSOC monitors threats to U.S. financial stability through cross-agency information sharing, regulatory coordination, and the designation of certain companies and activities as significant.
The bill requires congressional approval before subjecting a nonbank financial company to enhanced prudential supervision. Currently, the FSOC makes this determination upon an evaluation and vote that requires two-thirds of the council's approval. The bill also eliminates the emergency exception to this authority that allows the FSOC to waive or modify certain requirements.
The bill eliminates several of the FSOC's duties and activities, including its duty to make recommendations to the Federal Reserve Board to establish certain heightened prudential standards for nonbank financial companies and large bank holding companies supervised by the Federal Reserve Board.
FSOC assessments are capped at current levels.
The bill requires that the FSOC notify Congress before performing several actions, including gathering information from bank holding companies and nonbank financial companies. In addition, the bill adds an independent member to the FSOC that serves for six years and who must be from a different political party than the President.
The Government Accountability Office must audit the FSOC annually.

To enhance Financial Stability Oversight Council transparency.
- Display Title
45

To enhance Financial Stability Oversight Council transparency.
2024-07-24T15:22:03Z
- Official Title as Introduced
6

To enhance Financial Stability Oversight Council transparency.
2024-03-18T20:51:17Z
Introduced in House
IH
- Introduced in House
2023-05-18T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr3466ih/xml/BILLS-118hr3466ih.xml
2023-05-18
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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/xml
EN
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