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H.R. 3716: Systemic Risk Authority Transparency Act
119th Congress · introduced 2025-06-04 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
federal
Official title
Systemic Risk Authority Transparency Act
Plain summary
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.
Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.
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Official text
Systemic Risk Authority Transparency Act
Source: Congressional Research Service summary (Reported to House)
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Officials and money
Sponsor: Rep. Green, Al [D-TX-9] · 0 cosponsors
Money: CBO cost estimate: H.R. 3716, Systemic Risk Authority Transparency Act (2025-09-23) No linked contracts or vendors yet.
Words on this page, explained (1)
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- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Reported to House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr3716.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>
Record fed-us-cong119-hr3716 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills