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Increased Transparency on Interest Rate Risk for Financial Stability

This act requires the Federal Reserve Chairman to provide Congress with a detailed analysis of interest rate risk. This aims to better understand how interest rate changes affect the U.S. financial system and the Federal Reserve's assets, which can indirectly impact economic stability and citizens' savings security.
Key points
The Federal Reserve Chairman will be required to report to Congress on the U.S. financial system's vulnerability to interest rate risk.
Reports will include an analysis of the impact of interest rate risk on assets held by the Federal Reserve.
Increased transparency may help in making decisions to protect the economy from sudden interest rate changes.
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Status:
Expired
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Additional Information
Print number: 118_HR_5602
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2023-09-20
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
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Interest Rate Risk Reporting Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5602.

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 2023-09-20.

What are the main provisions?

Key points include:

  • The Federal Reserve Chairman will be required to report to Congress on the U.S. financial system's vulnerability to interest rate risk.
  • Reports will include an analysis of the impact of interest rate risk on assets held by the Federal Reserve.
  • Increased transparency may help in making decisions to protect the economy from sudden interest rate changes.
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. Ogles, Andrew [R-TN-5].

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.

What is the impact of this bill?

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.

CATEGORIES

Economy