S 4295
117th Congress
Senate
Finance and Financial Sector
Financial Data Transparency Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 24, 2022
Introduced in Senate
Plain-English summary
Financial Data Transparency Act of 2022
This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.
The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)
The Government Accountability Office must report on the feasibility of applying the taxonomy established by this bill to the wider federal government.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1