Sponsors (3)
The bill increases transparency and accountability for large banks—strengthening oversight, consumer protections, and climate disclosure—but does so at the cost of higher compliance expenses, possible competitive harm from granular public disclosures, and privacy/reputational risks.
Regulators and the public: receive detailed, consistent reports on globally systemically important banks' (GSIB) activities, increasing transparency about risks, governance, and systemic exposures.
Consumers and employees: gain clearer visibility into enforcement actions and counts of harmed consumers, employees, and investors, which can improve accountability and empower affected individuals.
Investors and regulators: obtain disclosure of trading desk activity, Volcker Rule compliance, and trading profits/losses, helping monitor risky proprietary trading and reduce systemic financial risk.
GSIBs and their customers: will face higher compliance and reporting costs to prepare the extensive detailed disclosures, costs that could be passed on to customers as higher fees.
Financial institutions: risk losing competitive advantage because public disclosure of granular trading positions and inventory metrics could reveal sensitive commercial information.
Employees and small-business vendors: may face privacy concerns and complications in labor or vendor negotiations due to mandated disclosure of employee compensation deciles and vendor wage stipulations.
Based on analysis of 2 sections of legislative text.
Introduced February 11, 2026 by Ayanna Pressley · Last progress February 11, 2026
Requires every global systemically important bank holding company to prepare and submit an annual, detailed report to the Federal Reserve describing prior-year activities and next-year objectives, and requires the Fed to post those reports publicly. The report must cover an extensive set of topics including company structure, branches, enforcement actions, counts of consumer/employee/investor harms, employee misconduct and compensation details, trading and capital markets activities, governance and shareholder rights, use of forced arbitration, diversity and supplier policies, cybersecurity, whistleblower/ethics complaints, climate and environmental impacts, investments in minority depository/community banks, AI use and risks, recent mergers and acquisitions, and a ten-year comparative analysis of many items. The requirement creates broad transparency and reporting obligations for large, globally systemic bank holding companies and adds ongoing publication duties for the Federal Reserve. It will increase compliance, record-keeping, and disclosure burdens on affected firms and require the Fed to make submitted reports available on its website.