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Increased U.S. Oversight of Banking Regulations and International Organizations' Influence.

New rules enhance Congressional oversight of significant banking regulations based on international organizations' recommendations. This ensures such regulations are thoroughly analyzed for their impact on the U.S. economy, including credit availability and employment, before implementation. Citizens can expect greater transparency in financial policymaking.
Key points
Banking agencies must notify Congress and provide economic analyses before implementing major rules based on international organization recommendations.
Rules with an anticipated economic impact of $10 billion or more over 10 years will require detailed analysis of costs, sectoral effects, and impacts on credit availability, GDP, and employment.
Banking agencies will need to report to Congress on their climate-related interactions with specific international organizations, including their funding sources.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3355
Sponsor: Rep. Loudermilk, Barry [R-GA-11]
Process start date: 2025-05-13
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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

Ensuring U.S. Authority over U.S. Banking Regulations Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3355.

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 2025-05-13.

What are the main provisions?

Key points include:

  • Banking agencies must notify Congress and provide economic analyses before implementing major rules based on international organization recommendations.
  • Rules with an anticipated economic impact of $10 billion or more over 10 years will require detailed analysis of costs, sectoral effects, and impacts on credit availability, GDP, and employment.
  • Banking agencies will need to report to Congress on their climate-related interactions with specific international organizations, including their funding sources.
What is the specific legal status?

The current status is Introduced.

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. Loudermilk, Barry [R-GA-11].

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 2025-12-22.

CATEGORIES

Economy