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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.
article Official text account_balance Process page
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
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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

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.

CATEGORIES

Economy