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Close the Shadow Banking Loophole Act
2/20/2026, 5:15 PM
Summary of Bill S 3734
The Close the Shadow Banking Loophole Act, introduced in the 119th Congress, aims to address regulatory gaps in the shadow banking sector. The bill was introduced on January 29, 2026, and seeks to enhance oversight and transparency within non-bank financial institutions. Specific provisions and directives within the bill focus on closing loopholes that can pose systemic risks to the financial system, potentially introducing new reporting requirements or regulatory measures. For more detailed information, the official PDF version of the bill can be accessed through the provided link.
Read the Full Bill
Current Status of Bill S 3734
Bill S 3734 is currently in the status of Bill Introduced since January 29, 2026. Bill S 3734 was introduced during Congress 119 and was introduced to the Senate on January 29, 2026. Bill S 3734's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 29, 2026
Bipartisan Support of Bill S 3734
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3734
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 3734
A bill to address applications for deposit insurance submitted by industrial banks to the Federal Deposit Insurance Corporation, and for other purposes.
A bill to address applications for deposit insurance submitted by industrial banks to the Federal Deposit Insurance Corporation, and for other purposes.
Comments
Jameson Reese
780
1 month ago
I heard about this new bill that's supposed to close some kind of banking loophole. I'm not exactly sure what it's all about, but it sounds like it could be important. How will this bill impact our economy in the long run?
Sponsors and Cosponsors of S 3734
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