H.R. 3716 Passed the House Finance and Financial Sector

Systemic Risk Authority Transparency Act

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Green, Al [D-TX-9] Introduced June 4, 2025 Cosponsors 0 Latest action December 2, 2025

Summary

Systemic Risk Authority Transparency Act
This bill requires banking regulators to submit a report to Congress in the event of the failure of an insured depository institution that leads to a systemic risk determination by the Department of the Treasury.
Regulators must report supervisory information relating to the institution, any mismanagement by the executives and the board, any shortcomings by the regulator, and recommendations to improve the safety and soundness of similarly situated institutions. This report must be made no later than 90 days after such a determination and again 210 days afterwards.
The Governmental Accountability Office (GAO) must report on additional factors in its report regarding such a determination. Specifically, GAO must report on any mismanagement by the executives and board of the institution, a review of the institution's compensation practices, supervisory or regulatory shortcomings, actions taken by regulators, and other relevant information. The bill also requires this report to be made no later than 60 days after such a determination and again 180 days afterwards.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Dec 2, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Dec 1, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Dec 1, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4947)
  4. Dec 1, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 3716.
  5. Dec 1, 2025 Considered under suspension of the rules. (consideration: CR H4947-4948)
  6. Dec 1, 2025 Mr. Davidson moved to suspend the rules and pass the bill, as amended.
  7. Jul 15, 2025 Placed on the Union Calendar, Calendar No. 169.
  8. Jul 15, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-206.
  9. Jun 10, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
  10. Jun 10, 2025 Committee Consideration and Mark-up Session Held
  11. Jun 4, 2025 Referred to the House Committee on Financial Services.
  12. Jun 4, 2025 Introduced in House

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