Banking: Oversight of International Rules
This bill was recently introduced and is currently being reviewed by the House Committee on Financial Services. It is in the early stages of the legislative process and is considered active. There are no upcoming votes or hearings scheduled at this time.
This bill faces significant opposition from those who believe international cooperation is necessary for global financial stability, and it adds heavy administrative burdens on agencies.
Govbase has not yet run an impact analysis on this legislation.
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Rep. Barry Loudermilk (R-Ga.) introduced the Ensuring U.S. Authority over U.S. Banking Regulations Act, which would require federal banking agencies to provide a 120-day notice to Congress before adopting rules based on international standards, particularly those with high economic costs.
House Republicans are pushing a suite of bills to limit the Federal Reserve's participation in international climate and regulatory groups, arguing that global standards like Basel III and ESG-focused initiatives undermine U.S. economic sovereignty and burden community banks.
Document Type
Congressional Bill
Official Title
Ensuring U.S. Authority over U.S. Banking Regulations Act
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