To amend the Federal Deposit Insurance Act to require reports on the use of the systemic risk authority applicable to winding up a failed insured depository institution, and for other purposes.
Sponsors
Legislative Progress
ReportedReported with an amendment, committed to the Committee of the …
Mr. Green of Texas (for himself, Mr. Sherman, and Mrs. …
Summary
What This Bill Does
Requires the Comptroller General to report within 60 and 180 days on any systemic risk determination used to protect bank depositors beyond normal FDIC limits.
Who Benefits and How
Congress gains transparency on systemic risk decisions. Taxpayers understand basis for extraordinary bank interventions. Future bank regulation informed by analysis.
Who Bears the Burden and How
GAO must produce rapid reports on bank failure decisions. Failed bank executives face scrutiny of compensation and management. Regulators face review of supervisory failures.
Key Provisions
- Requires GAO report within 60 days of systemic risk determination
- Follow-up report at 180 days
- Reviews executive compensation, regulatory failures, and contributing factors
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires GAO reports on systemic risk exceptions used for bank failures
Policy Domains
Legislative Strategy
"Increase transparency on extraordinary bank interventions"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "cg"
- → Comptroller General
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.
Learn more about our methodology