HR 4823
American FIRST Act of 2023
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The American FIRST Act of 2023 aims to increase transparency and oversight of federal banking regulators. It requires these agencies – including the Federal Reserve, OCC, FDIC, NCUA, and FHFA – to report to Congress before implementing recommendations from the Financial Stability Oversight Council or Executive Orders. The bill also mandates reporting on interactions with international organizations like the Basel Committee, including details about funding sources and proposed rulemakings. Furthermore, it eliminates the position of Vice Chairman for Supervision at the Federal Reserve.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.