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New Bank Assessment Rules: Greater Transparency and Financial Stability

This act changes how banks are assessed to ensure greater transparency and consistency. This aims to strengthen the financial security of institutions, indirectly protecting your savings and the stability of the banking system. The new rules will help improve oversight of banks, reducing the risk of financial problems.
Key points
Introduction of clear and objective criteria for bank assessment, reducing subjectivity in supervision.
Changes to how bank management is assessed, focusing on objective measures of risk control.
Inclusion of compliance with anti-money laundering and counter-terrorist financing regulations in bank assessments.
Requirement for public consultation and a comment period for the new bank assessment rules.
article Official text account_balance Process page
Placed on Calendar
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3379
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2025-05-14
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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

HUMPS Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3379.

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 2025-05-14.

What are the main provisions?

Key points include:

  • Introduction of clear and objective criteria for bank assessment, reducing subjectivity in supervision.
  • Changes to how bank management is assessed, focusing on objective measures of risk control.
  • Inclusion of compliance with anti-money laundering and counter-terrorist financing regulations in bank assessments.
  • Requirement for public consultation and a comment period for the new bank assessment rules.
What is the specific legal status?

The current status is Placed on Calendar.

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. Fitzgerald, Scott [R-WI-5].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 136.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy