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HR 4387 113th Congress House

FSOC Transparency and Accountability Act

Official title: To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to hold open meetings and comply with the requirements of the… Show full official titleShow less

Official title: To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to hold open meetings and comply with the requirements of the Federal Advisory Committee Act, to provide additional improvements to the Council, and for other purposes.

Introduced: July 14, 2014 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresAdvisory bodiesBanking and financial institutions regulationCommodity Futures Trading Commission
More subjectsShow fewer subjects
Congressional oversightFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemFinancial Stability Oversight CouncilFinancial crises and stabilizationGovernment ethics and transparency, public corruptionNational Credit Union AdministrationSecurities and Exchange Commission (SEC)
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2014
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.
Jun 20, 2014
Committee Consideration and Mark-up Session Held.
May 20, 2014
Committee Hearings Held.
Apr 3, 2014
Referred to the House Committee on Financial Services.
Apr 3, 2014
Introduced in House
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 Latest action June 20, 2014

Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.

 Plain-English summary Congressional Research Service

FSOC Transparency and Accountability Act - Amends the Financial Stability Act of 2010 to repeal the nonapplicability of the Federal Advisory Committee Act (FACA) to the Financial Stability Oversight Council (thus applying FACA to the Council).

Declares the Council an agency for purposes of the "Government in the Sunshine Act" (and its open meeting requirements).

Revises the voting profile of Council members to single out the following member agencies as each having collectively one vote: (1) the Board of Governors of the Federal Reserve System, (2) the Securities and Exchange Commission (SEC), (3) the Federal Deposit Insurance Corporation (FDIC), (4) the Commodity Futures Trading Commission (CFTC), and (5) the National Credit Union Administration (NCUA) Board.

Directs such member agencies to: (1) determine their Council vote by using the voting process normally applicable to votes by their members, and (2) cast the one collective Council vote by the agency head.

Permits any Council member to select to have one or more individuals on the member's staff attend a meeting of the Council, including any meeting of representatives of the member agencies other than the members themselves.

Requires all Council meetings to be open to attendance and participation by members of specified congressional committees, including any meeting of representatives of the member agencies other than the members themselves.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4387: FSOC Transparency and Accountability Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4387/
MLA
"H.R. 4387: FSOC Transparency and Accountability Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4387/.
Bluebook (legal)
H.R. 4387, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4387/.
Markdown link
[H.R. 4387: FSOC Transparency and Accountability Act](https://openamerica.io/bill/113-HR-4387/)
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