H.R. 2727 · 111th Congress
Financial Transparency Restoration Act
- Stage
- In committee
- Sponsor
- Walter Jones
- Introduced
- 2009-06-04
- Latest action
- 2010-06-22 · Referred to the Subcommittee on General Farm Commodities and Risk Management.
Summary
Financial Transparency Restoration Act - Requires each financial institution to publish, within 30 days after the end of each fiscal quarter, a statement of its financial condition in a newspaper of general paid circulation published in a city or county within each of its market areas.
Requires such financial statements to include a written verification of the accuracy of the statement, under oath or by affirmation, by the president of the financial institution or another officer designated by its board of directors.