Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
The bill requires the Federal Reserve Board, Federal Reserve Bank of New York, OCC, and FDIC, in consultation with the Treasury, to submit an annual report to Congress and post it online about U.S. engagement with the Basel Committee on Bank Supervision. The report must list attendees, issues, options, standards under consideration, legal authority for implementation, and subcommittee activities; agencies must notify Congress within 30 days of significant changes and include meeting results, minutes summaries, proposals discussed, and the positions taken by U.S. representatives.
Transparency versus protecting negotiation confidentiality and market-sensitive information
Relative to its intended legislative type, this bill is a focused reporting requirement that is generally well-scoped and reasonably specific about content and timing, but it omits several practical implementation and legal-integration details.
The bill requires the Federal Reserve Board, Federal Reserve Bank of New York, OCC, and FDIC, in consultation with the Treasury, to submit an annual report to Congress and post it online about U.S. engagement with the Basel Committee on Bank Supervision.
The report must list attendees, issues, options, standards under consideration, legal authority for implementation, and subcommittee activities; agencies must notify Congress within 30 days of significant changes and include meeting results, minutes summaries, proposals discussed, and the positions taken by U.S. representatives.
The Fed Chair and Vice Chair for Supervision must include these report details in their annual congressional testimony.
Low-cost, technical transparency measure with plausible bipartisan support, but legal/confidentiality concerns and limited political priority reduce chances.
Relative to its intended legislative type, this bill is a focused reporting requirement that is generally well-scoped and reasonably specific about content and timing, but it omits several practical implementation and legal-integration details.
Transparency versus protecting negotiation confidentiality and market-sensitive information
These are examples from the analysis, not a ranked list of the most-affected groups.
Transparency versus protecting negotiation confidentiality and market-sensitive information
Generally supportive because the bill increases transparency and democratic oversight of international banking rulemaking.
Concerned that mandatory public disclosure of positions could weaken regulators' ability to negotiate strong consumer and financial protections.
Wants safeguards to prevent disclosure of market-sensitive or confidential supervisory information while preserving public accountability.
Supportive of increased transparency and congressional notice but cautious about operational tradeoffs.
Wants clearer definitions (e.g., 'significant change'), protections for confidential data, and cost estimates to avoid undue burden or reduced negotiating effectiveness.
Largely favorable as a check on international regulatory influence and to prevent imposition of Basel standards without congressional awareness.
Sees value in exposing who advocates which positions.
Minor reservations about paperwork and potential politicization of technical negotiations.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Low-cost, technical transparency measure with plausible bipartisan support, but legal/confidentiality concerns and limited political priority reduce chances.
The bill has not accumulated any surfaced votes yet.
Transparency versus protecting negotiation confidentiality and market-sensitive information
Low-cost, technical transparency measure with plausible bipartisan support, but legal/confidentiality concerns and limited political priori…
Relative to its intended legislative type, this bill is a focused reporting requirement that is generally well-scoped and reasonably specific about content and timing, but it omits several practical implementation and l…
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