To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to monitor social media platforms for indicators of a bank run or financial panic, and for other purposes.
Summary
What This Bill Does
The bill requires monitoring social media for financial instability The Financial Stability Act of 2010 (12 U.S.C and requires study on the effects of social media on financial instability The Financial Stability Oversight Council shall conduct a study to determine if the content on social media platforms effects financial panic. It relies on definition changes, compliance mandates, and reporting requirements. The main policy areas are Financial Services and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Requires monitoring social media for financial instability The Financial Stability Act of 2010 (12 U.S.C.
- Requires study on the effects of social media on financial instability The Financial Stability Oversight Council shall conduct a study to determine if the content on social media platforms effects financial panic...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires monitoring social media for financial instability The Financial Stability Act of 2010 (12 U.S.C and requires study on the effects of social media on financial instability The Financial Stability Oversight Council shall conduct a study to determine if the content on social media platforms effects financial panic.
Key Policy Areas
Financial Services, Finance
Primary Purpose
The bill requires monitoring social media for financial instability The Financial Stability Act of 2010 (12 U.S.C and requires study on the effects of social media on financial instability The Financial Stability Oversight Council shall conduct a study to determine if the content on social media platforms effects financial panic.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
Legislative Progress
IntroducedMr. Torres of New York introduced the following bill; which …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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