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HR 7691 118th Congress House Finance and Financial Sector

To require the Chairperson of the Financial Stability Oversight Council to provide contingency plans for a disruption in the timing of payment on Treasury securities, and for other purposes.

Introduced: March 15, 2024 Introduced by: Donalds, Byron Republican · Florida See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2024
Referred to the House Committee on Financial Services.
Mar 15, 2024
Introduced in House
 Plain-English summary Congressional Research Service

This bill requires the Financial Stability Oversight Council to report to Congress on the council’s contingency plans in the case of a disruption of Treasury securities payments. This includes disruptions due to systems failures, cyberattacks, natural disasters, terrorist attacks, and reaching the U.S. debt limit. The council must make recommendations for strategies to deal with delayed payments.

What's happening now March 15, 2024

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1