Sponsors (7)
The bill increases transparency and congressional/public oversight of U.S. participation in international financial regulatory forums—helping firms and the public plan and hold agencies accountable—at the cost of added administrative burdens, potential privacy concerns, and reduced confidentiality and negotiating flexibility in international discussions.
Banks, depositors, taxpayers, and Congress gain clearer, regular information about how U.S. financial regulators (including the Fed) participate in international standard‑setting, improving public and congressional oversight and helping stakeholders anticipate regulatory changes.
Regulated firms (banks and other financial institutions) get earlier notice of anticipated international rulemaking and required economic impact analyses, enabling better compliance planning and business strategy.
Taxpayers and the public gain greater accountability about potential private or foreign influence on international regulatory forums through required disclosure of major forum funders.
Federal Reserve, OCC, FDIC staff and other agency officials will face increased reporting and testimony requirements that impose time and administrative costs, potentially diverting resources from supervision and regulatory work.
Banks, taxpayers, and policymakers may lose negotiating flexibility because public disclosure of detailed negotiating positions and rationales could hamper frank, confidential international discussions and reduce U.S. leverage in multilateral forums.
Requiring agencies to justify international standards by showing benefits exceed costs could slow or constrain adoption of standards that are beneficial long‑term but costly short‑term, increasing regulatory uncertainty for financial firms.
Based on analysis of 3 sections of legislative text.
Requires the Fed, OCC, and FDIC to disclose detailed information and analyses about their participation and positions in specified global financial regulatory forums and expands Fed testimony to cover those interactions.
Introduced December 10, 2025 by Barry D. Loudermilk · Last progress December 10, 2025
Requires the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) to add detailed disclosures about their participation in certain global financial regulatory or supervisory forums to their existing annual reports. It also expands the Federal Reserve’s statutory testimony obligations to cover the agencies’ conduct and interactions at those global forums. The bill defines which international forums are covered and lists examples while excluding certain treaty-based organizations and international financial institutions.