Sponsors (3)
The bill increases transparency and accountability of large banks—helping consumers, investors, communities, and regulators—at the cost of higher compliance burdens, competitive and privacy risks, and potential reductions in local banking services or financing.
Taxpayers and the public will receive annual, detailed public reports on the activities and risk exposures of systemically important banks, increasing transparency of large-bank behavior and risks.
Consumers, investors, and employees will get clearer information about enforcement actions and the number of harmed individuals, improving the ability to identify wrongdoing and seek redress or adjust decisions.
Employees and shareholders will gain visibility into executive accountability through disclosures of dismissals for misconduct, CEO-to-median-worker pay ratios, and compensation/clawback policies, strengthening corporate governance oversight.
Customers and taxpayers may face higher costs or reduced services because globally significant banks (GSIBs) will incur substantial compliance and reporting costs that could be passed on.
Financial institutions and investors could suffer competitive harm if detailed disclosures about trading strategies, desk structures, and inventory metrics reveal proprietary information that rivals or market actors could exploit.
Rural and some urban communities could lose banking access or community financing if banks reduce branch presence or local lending to limit disclosure burdens, harming financial inclusion.
Based on analysis of 2 sections of legislative text.
Requires GSIBs to file annual reports to the Fed detailing subsidiaries, branches, enforcement actions, trading desks and metrics, Volcker Rule compliance, governance, and compensation policies.
Requires global systemically important bank holding companies (GSIBs) to file an annual report to the Federal Reserve Board describing prior-year activities and next-year objectives and to provide extensive, specified disclosures about organization, branches, enforcement actions, trading and capital-markets activities, compliance with the Volcker Rule, governance and compensation practices. The report must include subsidiary lists, branch counts and geography, enforcement actions (including labor and health/safety violations), numbers harmed, employee terminations for misconduct (including whether executives), identification of trading desks and instrument exposures, inventory metrics, trading profits and fee breakdowns, shareholder-rights information, forced-arbitration use, and compensation and clawback policies. The measure increases supervisory transparency and aims to give regulators and stakeholders more detail about large banks' risk profiles, governance, and conduct. It creates new recurring data and disclosure burdens for GSIBs and additional review work for the Board; the bill does not specify funding, public release rules, or effective date in the provided text.
Introduced February 11, 2026 by Ayanna Pressley · Last progress February 11, 2026