Bill · H.R. 3716· House(119-HR-3716)
Systemic Risk Authority Transparency Act
- Introduced
- 6/4/2025
- Last activity
- 12/2/2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Al Green
- Cosponsors
- None
- Introduced
- Passed House
- In Senate committee
What this bill would do
The Systemic Risk Authority Transparency Act seeks to amend the Federal Deposit Insurance Act. It focuses on increasing oversight when systemic risk authority is used to wind up a failed insured depository institution. The bill mandates GAO reviews of such determinations to investigate the basis, purpose, and effects of the actions taken. It also requires Federal banking agencies to submit detailed reports to Congress regarding the failure. These reports include examinations of mismanagement, regulatory shortcomings, and relevant financial dynamics. Finally, the act includes provisions regarding the publication and transparency of these reports.
Yes· 3 of 4
Does this make what the government does easier for the public to see?+6
The bill explicitly mandates increased transparency and reporting regarding the use of systemic risk authority.
Does this make the government pay for what it commits to?+5
The bill enhances fiscal responsibility by increasing oversight and transparency regarding bank failures and systemic risks.
Does this give people more protection from unfair business practices?+3
Increased transparency in bank failures can help protect consumers by providing insight into systemic risks.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Accountability for Bank Executives: The bill requires the GAO to report on any mismanagement by executives and the board that contributed to a bank's failure (Section 2(a)(iv)(dd)). Additionally, banking agencies must examine mismanagement by executives and the board (Section 2(b)(1)(A)(ii)).
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Increased Oversight of Regulatory Agencies: The GAO must review any supervisory or regulatory shortcomings of the Federal banking agency (Section 2(a)(iv)(ff)). Similarly, banking agencies are required to report any of their own supervisory or regulatory shortcomings regarding the failed institution (Section 2(b)(1)(A)(iii)).
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Enhanced Transparency for the Public: Banking agencies are instructed to publish report materials to the fullest extent possible to promote transparency (Section 2(b)(1)(B)(ii)(I)).
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Improved Financial Stability Insights: Banking agencies are required to provide recommendations to improve the safety and soundness of the banking system and financial stability (Section 2(b)(1)(A)(v)).
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Detailed Investigation of Bank Failures: The GAO is tasked with reviewing the impact of determinations on the conduct of insured depository institutions and uninsured depositors (Section 2(a)(iv)(cc)), as well as the actions of various financial regulators (Section 2(a)(iv)(gg)).
Potential Negative Impacts for People
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Redaction of Sensitive Information: Federal banking agencies are permitted to redact personally identifiable information about customers and other financial institutions from their reports (Section 2(b)(1)(A)(i)).
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Limitation of Public Information: Federal banking agencies may determine there is a substantial public interest in not publishing certain materials, which would mean the public does not see those specific details (Section 2(b)(1)(B)(ii)(III)).
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Delayed Reporting: Federal banking agencies have the authority to extend the deadline for submitting their reports by an additional 60 days if they are prioritizing U.S. banking system stability (Section 2(b)(1)(C)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Fiscal Responsibility+5Improves Consumer Protection+3
- Governance And Ideology
- Improves Government Transparency+6Increases Federal Power+2
- 12/2/2025
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 12/1/2025
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4947)
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4947)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3716.
- Considered under suspension of the rules. (consideration: CR H4947-4948)
- Mr. Davidson moved to suspend the rules and pass the bill, as amended.
- 7/15/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-206.
- Placed on the Union Calendar, Calendar No. 169.
- 6/10/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
- 6/4/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.