GSIB Act of 2026

Increased Transparency on Legal Issues: The bill requires companies to disclose enforcement actions, including settlements related to labor and health and safety law violations, as well as the number of consumers, employees, or investors harmed (Section 2(b)(3)-(4)). This could help people hold companies accountable for misconduct.

Executive Accountability: Banks must report on employee dismissals for misconduct, whether they were executives, and provide comparisons between senior executive pay and the median employee pay (Section s 2(b)(5) and 2(b)(8)). This provides insight into how leadership is held accountable.

Worker Protections and Fair Pay: The report must include the number of employees receiving minimum wage and a breakdown of pay for different employee groups (Section 2(b)(9)). This allows for a better understanding of wage distribution and whether workers are being paid fairly.

Clarity on Corporate Power: The bill requires disclosure of the use of forced arbitration clauses in contracts with consumers, employees, investors, and contractors (Section 2(b)(7)). This gives people more information about how disputes are handled.

Environmental and Community Awareness: Companies must report on climate risk, financing of fossil fuel expansion, and their involvement in projects that may cause environmental harm to communities of color or indigenous peoples (Section 2(b)(13)-(14)). This provides transparency regarding a company's impact on the planet and specific communities.

Access to Information: The Board of Governors is required to make these reports available to the public on its website (Section 2(c)). This ensures that any individual can access this detailed information.