HR 4476
Financial Transparency Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Financial Transparency Act of 2019 aims to improve the transparency and accountability of financial regulatory agencies by requiring them to adopt standardized data formats. This will make information reported to these agencies more easily searchable and accessible, supporting the development of new technologies like RegTech and AI. The bill also seeks to reduce the regulatory burden on the private sector by harmonizing reporting standards across agencies and promoting open data publication. Ultimately, it’s designed to enhance the overall functioning of the financial system.
Sponsors
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Primary sponsor
Carolyn B. Maloney
Cosponsors
Cynthia Axne
Donald S., Jr. Beyer
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