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HR 4116 118th Congress House

Systemic Risk Authority Transparency Act

Official title: To amend the Federal Deposit Insurance Act to require reports on the use of the systemic risk authority applicable to winding up a failed insured depository institution, and for other purposes.

Introduced: June 14, 2023 Introduced by: Green, Al Democratic · Texas See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCongressional oversightGovernment studies and investigations
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2024
Placed on the Union Calendar, Calendar No. 512.
Jul 30, 2024
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-614.
Apr 17, 2024
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 50 - 0.
Apr 17, 2024
Committee Consideration and Mark-up Session Held
Jun 14, 2023
Introduced in House
Jun 14, 2023
Referred to the House Committee on Financial Services.
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 Latest action July 30, 2024

Placed on the Union Calendar, Calendar No. 512.

 Plain-English summary Congressional Research Service

Systemic Risk Authority Transparency Act

This bill requires banking regulators to submit a report to Congress in the event of the failure of an insured depository institution that leads to a systemic risk determination by the Department of the Treasury.

Regulators must report confidential supervisory information relating to the institution, any institutional mismanagement by the executives and the board, any shortcomings by the regulator, and recommendations to improve the safety and soundness of similarly situated institutions. This report must be made no later than 60 days after such a determination and again 180 days afterwards.

The Governmental Accountability Office (GAO) must report on additional factors in its report regarding such a determination. Specifically, GAO must report on any mismanagement by the executives and board of the institution, a review of the institution's compensation practices, supervisory or regulatory shortcomings, actions taken by regulators, and other relevant information. The bill also requires this report to be made no later than 60 days after such a determination and again 180 days afterwards.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Beatty, Joyce
Ohio · Jun 14, 2023
 D
Sherman, Brad
California · Jun 14, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4116: Systemic Risk Authority Transparency Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4116/
MLA
"H.R. 4116: Systemic Risk Authority Transparency Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4116/.
Bluebook (legal)
H.R. 4116, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4116/.
Markdown link
[H.R. 4116: Systemic Risk Authority Transparency Act](https://openamerica.io/bill/118-HR-4116/)
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