To require Federal banking regulators to report on the implementation of recommendations from the FSOC Chairperson and Executive Orders, and for other purposes.
Stop Executive Capture of Banking Regulators Act
This bill requires banking and financial regulatory entities to report to Congress prior to implementing a non-binding recommendation from the Financial Stability Oversight Council or contained in an Executive Order. This requirement applies to the Board Of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Administration.
Placed on the Union Calendar, Calendar No. 264.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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