Systemic Risk Authority Transparency Act
- Last Action
- 12/2/2025
Actions
- 2025-12-02Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-12-01Motion to reconsider laid on the table Agreed to without objection.
- 2025-12-01On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4947)
- 2025-12-01Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4947)
- 2025-12-01DEBATE - The House proceeded with forty minutes of debate on H.R. 3716.
- 2025-12-01Considered under suspension of the rules. (consideration: CR H4947-4948)
- 2025-12-01Mr. Davidson moved to suspend the rules and pass the bill, as amended.
- 2025-07-15Placed on the Union Calendar, Calendar No. 169.
- 2025-07-15Reported (Amended) by the Committee on Financial Services. H. Rept. 119-206.
- 2025-07-15Reported (Amended) by the Committee on Financial Services. H. Rept. 119-206.
- 2025-06-10Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
- 2025-06-10Committee Consideration and Mark-up Session Held
- 2025-06-04Referred to the House Committee on Financial Services.
- 2025-06-04Introduced in House
- 2025-06-04Introduced in House
CRS Summary
As of 2025-07-15 (07)
Systemic Risk Authority Transparency Act
This bill requires banking regulators to submit a report to Congress in the event of the failure of an insured depository institution that leads to a systemic risk determination by the Department of the Treasury.
Regulators must report supervisory information relating to the institution, any mismanagement by the executives and the board, any shortcomings by the regulator, and recommendations to improve the safety and soundness of similarly situated institutions. This report must be made no later than 90 days after such a determination and again 210 days afterwards.
The Governmental Accountability Office (GAO) must report on additional factors in its report regarding such a determination. Specifically, GAO must report on any mismanagement by the executives and board of the institution, a review of the institution's compensation practices, supervisory or regulatory shortcomings, actions taken by regulators, and other relevant information. The bill also requires this report to be made no later than 60 days after such a determination and again 180 days afterwards.
Subjects
- Banking and financial institutions regulation
- Congressional oversight
- Government studies and investigations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.