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Increased Congressional Oversight of Banking Regulators' Decisions

New rules require major banking and financial oversight bodies to inform Congress before implementing non-binding recommendations. Citizens gain more transparency in decision-making processes that could affect financial stability and their savings. This ensures that significant changes in the banking sector are subject to public scrutiny.
Key points
Greater Transparency: Banking regulators must notify Congress of plans to implement non-binding recommendations.
Congressional Oversight: Congress gains the ability to review and question these plans before they are put into effect.
Citizen Protection: The changes aim to prevent rapid, non-transparent decisions that could impact financial stability.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 118_HR_4737
Sponsor: Rep. Flood, Mike [R-NE-1]
Process start date: 2023-07-19
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Executive Capture of Banking Regulators Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4737.

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 2023-07-19.

What are the main provisions?

Key points include:

  • Greater Transparency: Banking regulators must notify Congress of plans to implement non-binding recommendations.
  • Congressional Oversight: Congress gains the ability to review and question these plans before they are put into effect.
  • Citizen Protection: The changes aim to prevent rapid, non-transparent decisions that could impact financial stability.
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. Flood, Mike [R-NE-1].

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