A bill to require Federal financial regulators to create a publicly available database for certain bad actors, and for other purposes.
Tracking Bad Actors Act of 2022
This bill requires federal financial regulators to jointly publish a database of persons convicted or held liable in criminal, civil, or administrative actions regarding financial services that are brought by federal financial regulators, the Department of Justice, certain self-regulating organizations, or state or local agencies that voluntarily submit such information.
The Government Accountability Office must report on the database five years after the database is operational.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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