Bill Sponsor
House Bill 4649
118th Congress(2023-2024)
Ensuring U.S. Authority over U.S. Banking Regulations Act
Introduced
Introduced
Introduced in House on Jul 14, 2023
Overview
Text
Introduced
Jul 14, 2023
Latest Action
Jul 14, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4649
Congress
118
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Georgia
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Ensuring U.S. Authority over U.S. Banking Regulations Act

This bill requires specified banking regulatory entities to make certain disclosures when engaging with or implementing major rules to conform with recommendations from certain non-governmental international organizations.

Specifically, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Agency must submit to Congress notice, testimony, and a detailed economic analysis with respect to the proposed or final rule prior to its issuance.

Further, in order to engage with certain international organizations about climate-related financial risks, these entities must report on the entity's activities with the organization and the organization's funding sources. 

Text (1)
July 14, 2023
Actions (2)
07/14/2023
Referred to the House Committee on Financial Services.
07/14/2023
Introduced in House
Public Record
Record Updated
Nov 8, 2024 7:21:42 PM