Sponsors (7)
The bill increases transparency and congressional oversight of U.S. engagement in global financial rulemaking—helping firms plan and boosting accountability—but risks exposing sensitive negotiating or supervisory information and imposes administrative costs that could divert supervisory resources and burden taxpayers.
U.S. banks and other regulated financial firms gain clearer public disclosure of how U.S. regulators engage in international rulemaking, improving predictability for compliance planning and reducing the risk of unexpected compliance costs.
Congress and the public gain stronger, more direct oversight because agencies (including the Fed) must provide additional information and semi‑annual testimony to relevant congressional committees, increasing accountability for international regulatory engagement.
Regular disclosure from the Fed's Vice Chairman for Supervision increases the chance that U.S. interests are considered in global financial rulemaking that affects U.S. banks and markets.
Financial institutions and U.S. negotiators risk weakened negotiating leverage and exposure of supervisory strategy if sensitive details about negotiating positions or supervisory approaches are publicized.
The Fed, OCC, FDIC and their leadership face additional administrative and reporting burdens (including semi‑annual testimony), which could divert staff time from supervision and oversight work.
Greater public disclosure raises privacy and confidentiality risks if proprietary or nonpublic supervisory data are included or linked, potentially harming firms and revealing confidential information.
Based on analysis of 3 sections of legislative text.
Requires the Fed, OCC, and FDIC to disclose detailed information about their participation, positions, and implementation plans related to specified global financial regulatory forums and expands Fed supervision testimony to cover those interactions.
Official title: To require annual reporting on interactions between Federal banking supervisory agencies and global financial regulatory or supervisory forums, and for other purposes.
Introduced December 10, 2025 by Barry D. Loudermilk · Last progress December 10, 2025
Requires the Federal Reserve Board, the Comptroller of the Currency, and the FDIC to add detailed disclosures in their annual reports about their membership, activities, positions, and implementation plans related to specified global financial regulatory or supervisory forums, and expands the Fed Vice Chairman for Supervision’s semiannual testimony to cover the Board’s interactions at those forums. The bill defines which international forums are covered and requires agencies to explain funding, staffing, meeting outcomes, proposed domestic rule changes, and economic impact analyses for implementing forum outputs.