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.
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Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4387: FSOC Transparency and Accountability Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4387/
"H.R. 4387: FSOC Transparency and Accountability Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4387/.
H.R. 4387, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4387/.
[H.R. 4387: FSOC Transparency and Accountability Act](https://openamerica.io/bill/113-HR-4387/)