HR 4649
Ensuring U.S. Authority over U.S. Banking Regulations Act
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Bill overview
This bill, titled the Ensuring U.S. Authority over U.S. Banking Regulations Act, requires several key U.S. banking regulatory agencies to provide Congress with detailed information before implementing rules based on recommendations from international organizations. Specifically, agencies must notify Congress, submit economic analyses, and report on their engagement with these organizations, particularly regarding climate-related financial risks. The bill also mandates reporting on the activities and funding sources of specific international organizations involved in these discussions.
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