Systemic Risk Authority Transparency Act
Sponsor
Full profile: /officials/G000553
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-12-02
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-12-02
- House Committee on Financial ServicesReported By · 2025-07-15
Previously
- Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-12-02
- Financial Services CommitteeReported By · 2025-07-15
- House Committee on Financial ServicesMarkup By · 2025-06-10
- Financial Services CommitteeMarkup By · 2025-06-10
- House Committee on Financial ServicesReferred To · 2025-06-04
Plain-English Summary
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 supervisory information relating to the institution, any 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 90 days after such a determination and again 210 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.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
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