House Bill 4966
116th Congress(2019-2020)
GSIB Act of 2019
Introduced
Introduced in House on Oct 31, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4966
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Greater Supervision In Banking Act of 2019 or the GSIB Act of 2019
This bill requires certain large bank holding companies (also known as global systemically important banks) to annually report on, among other things, their size and complexity, enforcement and regulatory actions taken against them, capital market activity, employee compensation, and employee diversity. They must also testify annually before Congress.
October 31, 2019
10/31/2019
Referred to the House Committee on Financial Services.
10/31/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:47:40 AM