Banking Regulator International Reporting Act
1/10/2024, 1:41 AMSummary of Bill HR 4601
Bill 118 hr 4601, also known as the Banking Regulator International Reporting Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to require certain banking regulators to report to Congress on their international activities.Specifically, the bill mandates that the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) must submit annual reports to Congress detailing their international activities. This includes information on any agreements or arrangements with foreign regulatory authorities, as well as any international meetings or conferences attended by the regulators.
The goal of this reporting requirement is to increase transparency and accountability in the international activities of these banking regulators. By providing Congress with detailed information on their interactions with foreign entities, the bill aims to ensure that the regulators are acting in the best interests of the American public and the US banking system. Overall, the Banking Regulator International Reporting Act seeks to enhance oversight of the Federal Reserve, FDIC, and OCC in their international engagements, ultimately promoting a more informed and responsible approach to regulating the US banking industry on a global scale.
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Current Status of Bill HR 4601
Bill HR 4601 is currently in the status of Bill Introduced since July 13, 2023. Bill HR 4601 was introduced during Congress 118 and was introduced to the House on July 13, 2023. Bill HR 4601's most recent activity was Referred to the House Committee on Financial Services. as of July 13, 2023Bipartisan Support of Bill HR 4601
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4601
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 4601
Banking Regulator International Reporting ActBanking Regulator International Reporting ActTo require Federal banking agencies to report on interactions with non-governmental international organizations, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 4601
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