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S. 4295 117th Congress Senate

Financial Data Transparency Act of 2022

Official title: A bill to amend securities and banking laws to make the information reported to financial regulatory agencies electronically searchable, to further enable the … Show full official titleShow less

Official title: A bill to amend securities and banking laws to make the information reported to financial regulatory agencies electronically searchable, to further enable the development of regulatory technologies and artificial intelligence applications, to put the United States on a path towards building a comprehensive Standard Business Reporting program to ultimately harmonize and reduce the private sector's regulatory compliance burden, while enhancing transparency and accountability, and for other purposes.

Introduced: May 24, 2022 Introduced by: Mark R. Warner Democratic · Virginia See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 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
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 Latest action May 24, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Scott, Tim
South Carolina · Sep 28, 2022
 R
Grassley, Chuck
Iowa · Aug 3, 2022
 R
Crapo, Mike
Idaho · May 24, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4295: Financial Data Transparency Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-4295/
MLA
"S. 4295: Financial Data Transparency Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4295/.
Bluebook (legal)
S. 4295, 117th Cong. (2026), https://openamerica.io/bill/117-S-4295/.
Markdown link
[S. 4295: Financial Data Transparency Act of 2022](https://openamerica.io/bill/117-S-4295/)
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