Congress·In Committee·H.R. 3355

Ensuring U.S. Authority over U.S. Banking Regulations Act

Banking: Oversight of International Rules

May 13, 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 →

Next up: A house committeeNo action in 14 months

This bill is currently sitting in the House Committee on Financial Services. It has not seen any action since May 2025, which is a period of 13 months. Because most bills do not receive a committee vote, this proposal is considered stalled.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

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.

How we got here

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

Reintroduced
Reintroduced from H.R. 4649 (118th), which died when its Congress ended.
H.R. 4649 (118th) →

Key Points

This bill requires federal banking agencies like the Federal Reserve to give Congress a 120-day notice before making major new rules. This applies to rules that would cost the economy $10 billion or more over a decade and follow suggestions from international groups.
Agencies would have to provide a deep dive into how these rules might change the economy. They must look at things like how many jobs might be lost, if it will be harder for people to get loans, and how it affects the total value of goods and services produced in the country.
The bill also targets rules related to climate change. Before banking officials can meet with certain international groups to talk about climate risks, they must first give Congress a report on what those groups do and where they get their money.
The goal is to make sure that U.S. banking laws are decided by American officials rather than international organizations. Supporters want to ensure that any big changes to the financial system are fully explained to the public and lawmakers before they happen.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

May 13, 2025House

Referred to the House Committee on Financial Services.

May 13, 2025

Introduced in House

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

Related News

2 articles

The Hill·May 13, 2025

GOP bill targets global influence on US bank regulations

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.

Center

Politico·Apr 30, 2025

Republicans take aim at Basel III, climate rules in banking overhaul

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.

Center Left

No votes or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Ensuring U.S. Authority over U.S. Banking Regulations Act

Bill NumberHR 3355

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

Analysis generated by AI. Always verify with official sources.