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International Regulatory Transparency and Accountability Act
12/15/2023, 4:00 PM
Summary of Bill HR 4642
Bill 118 hr 4642, also known as the International Regulatory Transparency and Accountability Act, aims to increase transparency and accountability in international regulatory processes. The bill requires federal agencies to provide detailed reports on any international regulatory activities they are involved in, including any negotiations or agreements with foreign governments or international organizations.
The bill also requires agencies to consult with Congress and the public before finalizing any international regulatory agreements. This is intended to ensure that the American people have a voice in the regulatory process and that their interests are taken into account.
Additionally, the bill requires agencies to conduct cost-benefit analyses of any proposed international regulations to determine the potential impact on the US economy and job market. This is meant to ensure that regulations are not overly burdensome and do not harm American businesses or workers. Overall, the International Regulatory Transparency and Accountability Act seeks to promote transparency, accountability, and public input in the international regulatory process to protect the interests of the American people.
The bill also requires agencies to consult with Congress and the public before finalizing any international regulatory agreements. This is intended to ensure that the American people have a voice in the regulatory process and that their interests are taken into account.
Additionally, the bill requires agencies to conduct cost-benefit analyses of any proposed international regulations to determine the potential impact on the US economy and job market. This is meant to ensure that regulations are not overly burdensome and do not harm American businesses or workers. Overall, the International Regulatory Transparency and Accountability Act seeks to promote transparency, accountability, and public input in the international regulatory process to protect the interests of the American people.
Read the Full Bill
Current Status of Bill HR 4642
Bill HR 4642 is currently in the status of Bill Introduced since July 14, 2023. Bill HR 4642 was introduced during Congress 118 and was introduced to the House on July 14, 2023. Bill HR 4642's most recent activity was Referred to the House Committee on Financial Services. as of July 14, 2023
Bipartisan Support of Bill HR 4642
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 4642
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 4642
International Regulatory Transparency and Accountability Act
International Regulatory Transparency and Accountability Act
To require transparency from the Federal financial regulators with respect to international meetings, negotiations, and agreements, and for other purposes.
Comments
Sponsors and Cosponsors of HR 4642
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