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Greater Supervision In Banking Act of 2026 (GSIB Act)

This law requires the world's largest banks to release annual public reports detailing their business practices, ethics, and environmental impact. It aims to give citizens a clear view of how these powerful financial institutions affect their lives and the economy.
Key points
Mandatory public reports on legal penalties and the number of people harmed by bank actions.
Disclosure of the pay gap between CEOs and average employees.
Detailed information on bank activities related to climate change and environmental justice.
Transparency regarding data protection, cybersecurity, and the use of artificial intelligence.
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Status: Introduced
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Additional Information
Print number: 119_HR_7513
Sponsor: Rep. Pressley, Ayanna [D-MA-7]
Process start date: 2026-02-11
System Note: Lustra is free, publicly auditable civic infrastructure — 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-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

GSIB Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7513.

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 2026-02-11.

What are the main provisions?

Key points include:

  • Mandatory public reports on legal penalties and the number of people harmed by bank actions.
  • Disclosure of the pay gap between CEOs and average employees.
  • Detailed information on bank activities related to climate change and environmental justice.
  • Transparency regarding data protection, cybersecurity, and the use of artificial intelligence.
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. Pressley, Ayanna [D-MA-7].

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 2026-02-23.

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 Environment Labor