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Increased Bank Transparency: Reporting on International Organization Interactions

This new act requires U.S. banking agencies, such as the Federal Reserve and FDIC, to keep detailed records and report annually on their interactions with international financial organizations. The goal is to increase transparency regarding the agencies' activities and their influence on financial policy, which could indirectly affect the stability of the banking system and the security of citizens' savings.
Key points
Banking agencies must keep complete records of meetings and recommendations from international organizations.
Annual reports will include information on collaborations and funding sources of these organizations.
Increased transparency may help citizens understand the impact of global decisions on the local financial market.
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Expired
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Additional Information
Print number: 118_HR_4601
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2023-07-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Banking Regulator International Reporting Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4601.

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 2023-07-13.

What are the main provisions?

Key points include:

  • Banking agencies must keep complete records of meetings and recommendations from international organizations.
  • Annual reports will include information on collaborations and funding sources of these organizations.
  • Increased transparency may help citizens understand the impact of global decisions on the local financial market.
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. Barr, Andy [R-KY-6].

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 2025-12-25.

CATEGORIES

Economy