3.0.0 4062 2025-05-27T14:11:27Z 2025-05-27T14:11:27Z House H HR 2023-06-13 118 <pre>[Congressional Record Volume 169, Number 103 (Tuesday, June 13, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. CASTEN:H.R. 4062.Congress has the power to enact this legislation pursuantto the following:Clause 18 of Section 8 of Article 1 of the ConstitutionThe single subject of this legislation is:Financial institution's accountability.[Page H2885]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-06-13T14:04:40Z 2023-06-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-06-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-06-13 Introduced in House IntroReferral 1000 9 Library of Congress C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 N G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2023-06-13 True N000194 Rep. Nickel, Wiley [D-NC-13] Wiley Nickel D NC 13 2023-06-13 True G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2023-06-13 True S000344 Rep. Sherman, Brad [D-CA-32] BRAD SHERMAN D CA 32 2023-06-13 True T000486 Rep. Torres, Ritchie [D-NY-15] Ritchie Torres D NY 15 2023-06-13 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2023-06-20 False Finance and Financial Sector Finance and Financial Sector 2023-07-18T20:45:23Z

00 2023-06-13 Introduced in House 2024-03-07T15:02:45Z <p><b>Chief Risk Officer Enforcement and Accountability Act </b></p> <p>This bill provides statutory authority for requiring large bank holding companies to appoint a chief risk officer and expands which companies must establish a risk committee and appoint a chief risk officer. Currently, only large bank holding companies that are public companies are required to establish risk committees and, by regulation, have chief risk officers. Under the bill, risk committees and chief risk officers are also required for (1) privately-held large bank holding companies, and (2) large banks that do not have a holding company. </p> <p>Further, the Federal Reserve Board is allowed to require smaller bank holding companies to establish a risk committee and appoint a chief risk officer. Currently, the board is allowed to require smaller bank companies that are public companies establish risk committees. </p> <p>Chief risk officers are responsible for the establishment of risk limits, monitoring compliance, and reporting any deficiencies to the risk committee. </p>

Display Title 45 2024-07-24T15:21:32Z Short Title(s) as Introduced 101 2024-05-24T13:38:38Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:59:49Z Introduced in House IH Introduced in House 2023-06-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4062ih/xml/BILLS-118hr4062ih.xml 2023-06-13 Referred to the House Committee on Financial Services. 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.