To provide greater transparency with respect to the financial regulatory agencies, and for other purposes.
Summary
What This Bill Does
The bill provides transparency of the Federal reserve banks The Federal Reserve Act is amended— by redesignating sections 30 and 31 as sections 31 and 32, respectively; and by inserting after section 29 (12 U.S.C, provides transparency of Federal reserve banks and Board of Governors Each Federal reserve bank shall be considered an agency, as defined in subsection (f) of section 552 of title 5, United States Code (commonly known, and provides congressional FOIA requests for ethics-related information from other financial regulatory agencies Subtitle A of title X of the Consumer Financial Protection Act of 2010 (12 U.S.C. It relies on definition changes, appropriations, reporting requirements, and compliance mandates. The main policy areas are Education, Housing, Finance, and Criminal Justice.
Who Benefits and How
Homeowners, tenants, or housing market participants affected by the bill could face lower compliance burdens, Educational institutions and students affected by the bill could face lower compliance burdens, and Law enforcement, justice-system actors, and affected communities could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Provides transparency of the Federal reserve banks The Federal Reserve Act is amended— by redesignating sections 30 and 31 as sections 31 and 32, respectively; and by inserting after section 29 (12 U.S.C.
- Provides transparency of Federal reserve banks and Board of Governors Each Federal reserve bank shall be considered an agency, as defined in subsection (f) of section 552 of title 5, United States Code (commonly known...
- Provides congressional FOIA requests for ethics-related information from other financial regulatory agencies Subtitle A of title X of the Consumer Financial Protection Act of 2010 (12 U.S.C.
- Provides congressional FOIA requests for ethics-related information from the Bureau Subject to paragraph (2), in this section, the term ethics-related information means any record documenting or relating to—...
- Provides congressional FOIA requests for ethics-related information from the Corporation Subject to paragraph (2), in this section, the term ethics-related information means any record documenting or relating to—...
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 provides transparency of the Federal reserve banks The Federal Reserve Act is amended— by redesignating sections 30 and 31 as sections 31 and 32, respectively; and by inserting after section 29 (12 U.S.C, provides transparency of Federal reserve banks and Board of Governors Each Federal reserve bank shall be considered an agency, as defined in subsection (f) of section 552 of title 5, United States Code (commonly known, and provides congressional FOIA requests for ethics-related information from other financial regulatory agencies Subtitle A of title X of the Consumer Financial Protection Act of 2010 (12 U.S.C.
Key Policy Areas
Education, Housing, Finance, Criminal Justice
Primary Purpose
The bill provides transparency of the Federal reserve banks The Federal Reserve Act is amended— by redesignating sections 30 and 31 as sections 31 and 32, respectively; and by inserting after section 29 (12 U.S.C, provides transparency of Federal reserve banks and Board of Governors Each Federal reserve bank shall be considered an agency, as defined in subsection (f) of section 552 of title 5, United States Code (commonly known, and provides congressional FOIA requests for ethics-related information from other financial regulatory agencies Subtitle A of title X of the Consumer Financial Protection Act of 2010 (12 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Homeowners, tenants, or housing market participants affected by the bill
- Educational institutions and students affected by the bill
- Law enforcement, justice-system actors, and affected communities
- Financial services firms and customers affected by the bill
- Patients and health care consumers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Tillis (for himself, Ms. Warren, Mr. Rounds, Ms. Sinema, …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Law enforcement, justice-system actors, and affected communities
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.
Learn more about our methodology