HR3355Referred to Committee

Ensuring U.S. Authority over U.S. Banking Regulations Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-13
Introduced
0
Cosponsors
HR
ⓘ
Type

Sponsor

Barry Loudermilk
Barry Loudermilk
Republican · GA · Representative
Votes with party: 99.2% (522 recorded votes)

Full profile: /officials/L000583

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 →

Referred to the House Committee on Financial Services.

2025-05-13

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

Ensuring U.S. Authority over U.S. Banking Regulations Act This bill requires specified federal banking regulators to make disclosures (1) when issuing major rules to conform with recommendations from non-governmental international organizations, and (2) when engaging with certain non-governmental international organizations about climate-related topics. Specifically, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Agency must submit to Congress notice, testimony, and a detailed economic analysis with respect to a major covered rule prior to its issuance. A major covered rul e under the bill is a rule (1) that has an effect on the U.S. economy of at least $10 billion over a 10-year-period, and (2) that is intended to align or conform with a recommendation from a non-governmental international organization (including the Financial Stability Board and the Basel Committee on Banking Supervision). Further, in order to engage with certain international organizations about climate-related financial risks, these regulators must report annually on (1) the international organization’s activities that the regulator participates in, such as a task force or committee; and (2) the organization's governmental and non-governmental funding sources.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector
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