Sponsors (3)
The bill increases public transparency and accountability for globally significant banks—giving consumers, communities, and regulators better information about misconduct, systemic risk, AI/cyber, branch access, executive pay, and fossil‑fuel finance—at the cost of higher compliance burdens, potential competitive harms, privacy risks, and possible effects on credit availability.
Bank customers, investors, and taxpayers get regular public reporting on GSIB activities, exposures, and misconduct, improving oversight and market discipline.
Consumers, employees, and investors harmed by bank misconduct gain visibility through required reporting of enforcement actions and the number of people harmed.
Taxpayers and market participants benefit from stronger public oversight of systemic risk via detailed reporting on trading desks, inventory metrics, and Volcker Rule compliance.
Bank customers and middle-class families may face higher fees or reduced services as GSIBs incur increased compliance and reporting costs.
Financial institutions and investors risk competitive harm if public disclosure of detailed trading and inventory metrics reveals proprietary commercial information.
Consumers and employees could have sensitive consumer data or internal investigation details exposed if public reports are not properly redacted.
Based on analysis of 2 sections of legislative text.
Requires GSIBs to file annual, detailed reports to the Federal Reserve with expanded disclosures on structure, enforcement actions, trading activities, governance, and compensation.
Introduced February 11, 2026 by Ayanna Pressley · Last progress February 11, 2026
Requires large, globally important bank holding companies to send an annual, detailed report to the Federal Reserve describing prior-year activities and next-year objectives. The report must include expanded disclosures about company structure, branch footprint, enforcement actions (including labor and health-and-safety violations) and how many people were harmed, employee dismissals for misconduct, trading and capital-markets activities, compliance with the Volcker Rule by trading desk, governance arrangements, use of forced arbitration, and pay and clawback policies. The bill narrows and specifies what must be disclosed under an existing Bank Holding Company Act reporting provision rather than creating new agencies or appropriations. It increases transparency and supervisory information available to regulators, and will raise compliance and reporting work for the covered bank companies.