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Monitoring Social Media for Financial Stability and Preventing Bank Runs.

This new law aims to protect your money in banks. The government will monitor social media to quickly detect rumors that could cause panic and mass withdrawals from banks. This is intended to prevent financial crises that could affect your savings.
Key points
The Financial Stability Oversight Council will monitor social media platforms for indicators of potential bank runs or financial panic.
The act defines "social media platform" to clearly specify what will be monitored.
A study will be conducted to determine how social media content affects financial panic and bank runs.
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Status:
Expired
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Additional Information
Social Media Bank Run Act
Print number: HR 2396
Sponsor: Rep. Torres, Ritchie [D-NY-15]
Process start date: 2023-03-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Monitoring Social Media for Financial Stability and Preventing Bank Runs.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 2396.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The Financial Stability Oversight Council will monitor social media platforms for indicators of potential bank runs or financial panic.
  • The act defines "social media platform" to clearly specify what will be monitored.
  • A study will be conducted to determine how social media content affects financial panic and bank runs.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Torres, Ritchie [D-NY-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

Analysis and Potential Impact of HR 2396

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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Economy Security Media and Culture