S 5300
Financial Regulators Transparency Act of 2022
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Financial Regulators Transparency Act of 2022 aims to increase openness and accountability within the financial regulatory system. It requires the Federal Reserve Banks and the Board of Governors to comply with Freedom of Information Act requests, similar to other federal agencies. Furthermore, the bill mandates that congressional ethics inquiries can be made of financial regulators and establishes procedures for handling requests from Members of Congress regarding sensitive information, including supervisory information and personnel files. It also extends these transparency requirements to the Bureau of Consumer Financial Protection and the Federal Deposit Insurance Corporation.
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Primary sponsor
Patrick Toomey
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