Harper Everett

The Close the Shadow Banking Loophole Act, introduced in the 119th Congress, aims to address regulatory gaps in the shadow banking sector. The bill was introduced on January 29, 2026, and seeks to enhance oversight and transparency within non-bank financial institutions. Specific provisions and directives within the bill focus on closing loopholes that can pose systemic risks to the financial system, potentially introducing new reporting requirements or regulatory measures. For more detailed information, the official PDF version of the bill can be accessed through the provided link.