Congress·In Committee·H.R. 1910

Chief Risk Officer Enforcement and Accountability Act

Congress would require big banks to appoint chief risk officers and limit growth if the job stays vacant

Mar 6, 2025·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: A house committeeNo action in 16 months

This bill is currently sitting in the House Committee on Financial Services. It has not moved since March 2025, and no action has been taken on it for over a year. The House committee must review the bill before it can move forward, but it is considered stalled.

Legislative Progress

House

No action since March 2025

Senate

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 4062 (118th), which died when its Congress ended.
H.R. 4062 (118th) →

Key Points

Requires certain large banking firms to appoint a Chief Risk Officer to lead company-wide risk oversight.
Sets clear duties for the Chief Risk Officer, like setting risk limits, tracking compliance, and reporting problems and new risks.
Makes the Chief Risk Officer report directly to both the bank’s risk committee and the CEO, aiming to keep risk warnings from being ignored.
If the role becomes vacant, the bank must tell regulators within 24 hours and submit a hiring plan within 7 days.
If the job stays open for 60+ days, the bank must tell the public and is blocked from growing its total assets until it hires someone.

EconomyConsumer Protection

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Mixed Impacts(1)

Retiree

Neutral

Milestones

2 milestones2 actions

Mar 6, 2025House

Referred to the House Committee on Financial Services.

Mar 6, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Chief Risk Officer Enforcement and Accountability Act

Bill NumberHR 1910

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(5)

D: 5

Analysis generated by AI. Always verify with official sources.