3.0.0
4823
2025-05-27T14:15:09Z
2025-05-27T14:15:09Z
House
H
HR
2023-07-24
118
[Congressional Record Volume 169, Number 127 (Monday, July 24, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LOUDERMILK:H.R. 4823.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8The single subject of this legislation is:To ensure the independence of American banking regulatorson environmental, social, and governance matters.[Page H3896]
- hsba00
Financial Services Committee
House
Standing
  - Reported By
2023-12-19T19:20:40Z
  - Markup By
2023-07-27T20:08:00Z
  - Referred To
2023-07-24T15:00:10Z
H. Rept. 118-325

- Banking Regulator International Reporting Act
118
4601
HR
2023-07-13
Referred to the House Committee on Financial Services.
  - Related bill
CRS

- Ensuring U.S. Authority over U.S. Banking Regulations Act
118
4649
HR
2023-07-14
Referred to the House Committee on Financial Services.
  - Related bill
CRS

- Stop Executive Capture of Banking Regulators Act
118
4737
HR
2023-07-19
Referred to the House Committee on Financial Services.
  - Related bill
CRS

- Supervision Reform Act of 2023
118
4630
HR
2023-07-13
Referred to the House Committee on Financial Services.
  - Related bill
CRS

- Prioritizing Economic Growth Over Woke Policies Act
118
4790
HR
2024-09-23
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  - Related bill
CRS
- 2023-12-19
Placed on the Union Calendar, Calendar No. 264.
Calendars
H12410
2
House floor actions
U00264
- 2023-12-19
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-325.
Committee
H12200
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-12-19
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-325.
Committee
5000
9
Library of Congress
  - hsba00
Financial Services Committee
- 2023-07-27
  - hsba00
Financial Services Committee
1
House committee actions
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
Committee
- 2023-07-27
  - hsba00
Financial Services Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2023-07-24
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-07-24
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-07-24
Introduced in House
IntroReferral
1000
9
Library of Congress
- L000583
Rep. Loudermilk, Barry [R-GA-11]
Barry
Loudermilk
R
GA
11
N
- B001282
Rep. Barr, Andy [R-KY-6]
Andy
Barr
R
KY
6
2023-07-24
True
- F000474
Rep. Flood, Mike [R-NE-1]
Mike
Flood
R
NE
1
2023-07-24
True
- O000175
Rep. Ogles, Andrew [R-TN-5]
Andrew
Ogles
R
TN
5
2023-07-24
True
- 2024-09-11T19:48:00Z

H.R. 4823, American FIRST Act of 2023
https://www.cbo.gov/publication/60702
As reported by the House Committee on Financial Services on December 19, 2023
Finance and Financial Sector
- Banking and financial institutions regulation
2024-06-27T15:52:57Z
- Climate change and greenhouse gases
2024-06-27T16:16:14Z
- Congressional oversight
2024-06-27T16:19:48Z
- Federal Reserve System
2024-06-27T15:55:44Z
- Fraud offenses and financial crimes
2024-06-27T16:09:54Z
- Government ethics and transparency, public corruption
2024-06-27T15:52:48Z
- Government information and archives
2024-06-27T16:19:31Z
Finance and Financial Sector
2023-07-31T14:30:23Z
00
2023-07-24
Introduced in House
2024-08-08T15:59:53Z
American Financial Institution Regulatory Sovereignty and Transparency Act of 2023 or the American FIRST Act of 2023
This bill establishes reporting requirements for the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Administration.
Specifically, the bill requires these entities to report to Congress prior to implementing a non-binding recommendation from the Financial Stability Oversight Council or a recommendation contained in an Executive Order.
Further, these entities must report to Congress regarding activity associated with certain nongovernmental international organizations, including the Basel Committee on Banking Supervision. Specifically, when proposing or finalizing major rules to conform with recommendations from these organizations, entities must submit to Congress notice, testimony, and a detailed economic analysis with respect to the proposed or final rule prior to its issuance. Additionally, in order to engage with these organizations about climate-related financial risks, entities must report on any participation with the organization’s activities and on the organization's funding sources. Entities must also report on any recommendations received from international organizations for international standardization regarding open-market policies and operations, discount lending and operations, or supervisory policies and operations.
The bill also eliminates the position of Vice Chairman for Supervision from the Board of Governors of the Federal Reserve System. Currently, the Vice Chairman for Supervision develops policy recommendations for depository institution holding companies and other entities and oversees the supervision and regulation of these entities.
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07
2023-12-19
Reported to House
2024-08-19T13:47:44Z
American Financial Institution Regulatory Sovereignty and Transparency Act of 2023 or the American FIRST Act of 2023
This bill establishes reporting requirements for the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Agency.
Specifically, the bill requires these entities to report to Congress prior to implementing a non-binding recommendation from the Financial Stability Oversight Council or a recommendation contained in an Executive Order.
Further, these entities must report to Congress regarding activity associated with certain nongovernmental international organizations, including the Basel Committee on Banking Supervision. Specifically, when proposing or finalizing major rules to conform with recommendations from these organizations, entities must submit to Congress notice, testimony, and a detailed economic analysis with respect to the proposed or final rule prior to its issuance. Additionally, in order to engage with these organizations about climate-related financial risks, entities must report on any participation with the organization’s activities and on the organization's funding sources. Entities must also report on any recommendations received from international organizations for international standardization regarding discount lending and operations or supervisory policies and operations.
The bill also eliminates the position of Vice Chairman for Supervision from the Board of Governors of the Federal Reserve System. Currently, the Vice Chairman for Supervision develops policy recommendations for depository institution holding companies and other entities and oversees the supervision and regulation of these entities.
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American FIRST Act of 2023
- Display Title
45

American FIRST Act of 2023
2024-07-24T15:19:31Z
- Short Title(s) as Introduced
101

American Financial Institution Regulatory Sovereignty and Transparency Act of 2023
2024-05-24T13:38:22Z
Introduced in House
IH
- Short Title(s) as Reported to House
102

American FIRST Act of 2023
2024-05-24T13:34:49Z
H
House
Reported in House
RH
- Short Title(s) as Reported to House
102

American Financial Institution Regulatory Sovereignty and Transparency Act of 2023
2024-05-24T13:34:49Z
H
House
Reported in House
RH
- Official Title as Introduced
6

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.
2024-03-18T21:12:42Z
Introduced in House
IH
- Reported in House
2023-12-19T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4823rh/xml/BILLS-118hr4823rh.xml
- Introduced in House
2023-07-24T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4823ih/xml/BILLS-118hr4823ih.xml
2023-12-19
Placed on the Union Calendar, Calendar No. 264.
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.