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Congress·In Committee·19 days ago

House Bill Would Force Largest U.S. Banks to Disclose CEO Pay, Climate Risk, and AI Use Annually

Also known as: GSIB Act of 2026

Legislative Progress

✓ Filed
Review
House
Senate
President

Impact Analysis

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Key Points

  • This bill requires the world's largest banks to submit a detailed report to the Federal Reserve every year. These reports would be posted on a public website so that anyone can see how these massive financial institutions are operating.
  • Banks would have to disclose specific details about their internal culture and pay. This includes comparing what the CEO makes to the average worker, listing how many employees were fired for misconduct, and reporting on the diversity of their top leaders.
  • The reports must also cover environmental and social impacts. Banks would need to explain their plans for climate change, whether they are funding fossil fuels, and if their projects affect low-income communities or indigenous lands.
  • To help the government track risks, the banks would have to report on their use of artificial intelligence, their cybersecurity protections, and any legal settlements or fines they paid for harming consumers or workers.
Economy FinanceEnergy EnvironmentTechnology DigitalLabor Employment

Milestones

2 milestones2 actions
Feb 11, 2026House

Referred to the House Committee on Financial Services.

Feb 11, 2026

Introduced in House

Related News

3 articles
Westlaw Today·11 days ago

PRUDENTIAL REGULATION—GSIB ACT OF 2026 WOULD PROVIDE INVESTOR-FOCUSED BANK DISCLOSURES

The Greater Supervision in Banking Act of 2026, co-sponsored by Reps. Al Green and Rashida Tlaib, is an investor-oriented transparency initiative. It mandates that the world's largest bank holding companies disclose climate-related costs, executive pay practices, and workforce diversity data.

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Quiver Quantitative·12 days ago

Pressley Introduces Legislation for Transparency in Big Bank Reporting to Uphold Investor Interests

Congresswoman Ayanna Pressley announced the GSIB Act to promote accountability in the banking sector. The bill requires major financial institutions to report on internal culture, environmental impacts, and the diversity of their top leadership to empower investors with essential data.

CL+
American Banker·24 days ago

Banks Caution Against Relaxing Standards for Fed Account Access to Preserve Financial Stability

While regulators finalize capital rules, new legislative proposals like the GSIB Act of 2026 seek to expand public disclosure requirements for the largest banks. Industry groups like the Bank Policy Institute argue such mandates could expose proprietary information to competitors.

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Source Information

Document Type

Congressional Bill

Official Title

GSIB Act of 2026

Bill NumberHR 7513
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Financial Services.

Sponsor

Cosponsors

(2)
D: 2

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.