Stop Executive Capture of Banking Regulators Act
1/10/2024, 1:41 AMSummary of Bill HR 4737
Bill 118 hr 4737, also known as the Stop Executive Capture of Banking Regulators Act, aims to address concerns about the influence of the executive branch on banking regulators. The bill seeks to prevent undue influence from the executive branch by establishing new guidelines and procedures for the appointment and removal of banking regulators.Under the provisions of the bill, the President would be required to consult with the Senate before appointing or removing a banking regulator. This is intended to ensure that appointments are made based on merit and qualifications, rather than political considerations. Additionally, the bill would establish a process for the Senate to review and potentially reject appointments, providing a check on executive power.
The bill also includes measures to increase transparency and accountability within banking regulatory agencies. It requires regulators to disclose any communications or meetings with the executive branch, as well as any potential conflicts of interest. This is intended to prevent regulators from being unduly influenced by outside interests. Overall, the Stop Executive Capture of Banking Regulators Act seeks to strengthen the independence and integrity of banking regulators, ensuring that they can effectively fulfill their role in overseeing the financial industry. The bill has garnered bipartisan support in Congress, with lawmakers from both parties recognizing the importance of safeguarding the independence of regulatory agencies.
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Current Status of Bill HR 4737
Bill HR 4737 is currently in the status of Bill Introduced since July 19, 2023. Bill HR 4737 was introduced during Congress 118 and was introduced to the House on July 19, 2023. Bill HR 4737's most recent activity was Referred to the House Committee on Financial Services. as of July 19, 2023Bipartisan Support of Bill HR 4737
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 4737
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 4737
Stop Executive Capture of Banking Regulators ActStop Executive Capture of Banking Regulators ActTo require Federal banking regulators to report on the implementation of recommendations from the FSOC Chairperson and Executive Orders, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 4737
Latest Bills
Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes.
Bill HRES 294April 8, 2025
Providing for consideration of the joint resolution (H.J. Res. 25) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales"; providing for consideration of the bill (H.R. 1156) to amend the CARES Act to extend the statute of limitations for fraud under certain unemployment programs, and for other purposes; providing for consideration of the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for other purposes; and for other purposes.
Bill HRES 211April 8, 2025
SAVE Act
Bill HR 22April 8, 2025
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Bill SJRES 18April 8, 2025
Providing for the announcement of pairs from a written list furnished to the Clerk, and for other purposes.
Bill HRES 293April 8, 2025
Providing for the consideration of the resolution (H. Res. 23) permitting parental remote voting by proxy, and for other purposes.
Bill HRES 164April 8, 2025
NORRA of 2025
Bill HR 1526April 8, 2025
GUARD VA Benefits Act
Bill HR 1732April 8, 2025
Authorizing the use of Emancipation Hall in the Capitol Visitor Center for a ceremony to present the Congressional Gold Medals awarded under the 'Six Triple Eight' Congressional Gold Medal Act of 2021.
Bill HCONRES 22April 8, 2025
Fairness for Servicemembers and their Families Act of 2025
Bill HR 970April 8, 2025
American FIRST Act of 2023
Bill HR 4823December 20, 2023