HOUSE 2989117th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Financial Transparency Act of 2021

Last Action: 10/26/2021

Actions

2021-10-26Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2021-10-25Motion to reconsider laid on the table Agreed to without objection.
2021-10-25On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 19 (Roll no. 333). (text: CR H5840-5846)
2021-10-25Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 19 (Roll no. 333).(text: CR H5840-5846)
2021-10-25Considered as unfinished business. (consideration: CR H5854-5855)
2021-10-25At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2021-10-25DEBATE - The House proceeded with forty minutes of debate on H.R. 2989.
2021-10-25Considered under suspension of the rules. (consideration: CR H5840-5848)
2021-10-25Ms. Waters moved to suspend the rules and pass the bill, as amended.
2021-06-21Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2021-05-04Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-05-04Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-05-04Introduced in House
2021-05-04Introduced in House

CRS Summary

As of 2021-10-25 (53)

Financial Transparency Act of 2021

This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.

The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)

Cosponsors (1)

Patrick McHenry (R-NC)

Subjects

Administrative law and regulatory procedures
Banking and financial institutions regulation
Commodities markets
Commodity Futures Trading Commission
Congressional oversight
Consumer Financial Protection Bureau
Corporate finance and management
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Housing Finance Agency
Federal Reserve System
Financial services and investments
Government information and archives
National Credit Union Administration
Securities
Securities and Exchange Commission (SEC)
State and local finance

Read on Congress.gov

Sourced from Congress.gov (public domain).

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