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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced April 30, 2025 by Katie Boyd Britt · Last progress April 30, 2025
Removes a statutory repeal of subpoena/enforcement language for the Federal Insurance Office, revises how the Federal Insurance Office handles confidential information, limits the Office of Financial Research’s use of subpoenas, and adds confidentiality language to the Financial Stability Act. Overall, the bill adjusts subpoena authorities and confidentiality rules for federal financial regulatory offices and updates the Dodd‑Frank table of contents to reflect those changes.
These changes mainly affect two Treasury‑related units (the Federal Insurance Office and the Office of Financial Research), firms and third parties that provide data or documents to those offices, and stakeholders concerned with regulator access, data confidentiality, and oversight.