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Tracking Bad Actors Act of 2022

12/29/2022, 10:18 PM

Congressional Summary of S 3716

Tracking Bad Actors Act of 2022

This bill requires federal financial regulators to jointly publish a database of persons convicted or held liable in criminal, civil, or administrative actions regarding financial services that are brought by federal financial regulators, the Department of Justice, certain self-regulating organizations, or state or local agencies that voluntarily submit such information.

The Government Accountability Office must report on the database five years after the database is operational.

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Current Status of Bill S 3716

Bill S 3716 is currently in the status of Bill Introduced since March 1, 2022. Bill S 3716 was introduced during Congress 117 and was introduced to the Senate on March 1, 2022.  Bill S 3716's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 1, 2022

Bipartisan Support of Bill S 3716

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3716

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3716

Tracking Bad Actors Act of 2022
Tracking Bad Actors Act of 2022
A bill to require Federal financial regulators to create a publicly available database for certain bad actors, and for other purposes.

Comments

Sponsors and Cosponsors of S 3716

John Kennedy
John Kennedy
LouisianaRepublican
Cynthia M. Lummis
Cynthia M. Lummis
WyomingRepublican

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