H.R. 2989 · 117th Congress
Financial Transparency Act of 2021
- Stage
- Passed a chamber
- Sponsor
- Carolyn Maloney
- Introduced
- 2021-05-04
- Latest action
- 2021-10-26 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
Financial Transparency Act of 2021
This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.
The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)