Ensuring U.S. Authority over U.S. Banking Regulations Act

Hozzl · 2024-01-10T01:41:14Z

Explore the details of House Bill 4649 Ensuring U.S. Authority over U.S. Banking Regulations Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/10/2024, 1:41 AM

Summary of Bill HR 4649

Bill 118 hr 4649, also known as the Ensuring U.S. Authority over U.S. Banking Regulations Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to ensure that the United States maintains control over its own banking regulations and policies, without interference from international organizations or agreements.

The bill specifically aims to prevent the US from being bound by any international agreements or standards that could potentially undermine the country's ability to regulate its own banking industry. It seeks to reaffirm the sovereignty of the US in setting and enforcing its own banking regulations, without being subject to external pressures or influences.

If passed, the Ensuring U.S. Authority over U.S. Banking Regulations Act would require the US government to conduct a thorough review of any international agreements or standards related to banking regulations, and to ensure that they do not infringe upon the country's sovereignty. It would also prohibit the US from implementing any regulations that are not in line with its own domestic laws and policies. Overall, this bill is aimed at protecting the independence and authority of the US in setting and enforcing its own banking regulations, and ensuring that the country's financial system remains under its own control.

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Current Status of Bill HR 4649

Bill HR 4649 is currently in the status of Bill Introduced since July 14, 2023. Bill HR 4649 was introduced during Congress 118 and was introduced to the House on July 14, 2023. Bill HR 4649's most recent activity was Referred to the House Committee on Financial Services. as of July 14, 2023

Bipartisan Support of Bill HR 4649

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4649

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 4649

Ensuring U.S. Authority over U.S. Banking Regulations ActEnsuring U.S. Authority over U.S. Banking Regulations ActTo provide for additional requirements when Federal banking agencies undertake rulemakings that implement policies of non-governmental international organizations, to require Federal banking agencies to report on certain covered international organizations, and for other purposes.

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Sponsors and Cosponsors of HR 4649

Barry Loudermilk

Georgia(Republican)

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