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H.R. 3179 · 115th Congress

Transparency and Accountability for Business Standards Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

15 cosponsors · 15 R

This bill requires a federal banking agency to publish for notice and comment: (1) the agency's rationale for, and cost-benefit analysis regarding, the adoption of any prudential regulation that is substantively more stringent than a corresponding international prudential standard; and (2) a proposal for, or the agency's rationale for not proposing, the…

What it does: CRS summary · Reported to House without amendment · Apr 5, 2018

Transparency and Accountability for Business Standards Act

This bill requires a federal banking agency to publish for notice and comment: (1) the agency's rationale for, and cost-benefit analysis regarding, the adoption of any prudential regulation that is substantively more stringent than a corresponding international prudential standard; and (2) a proposal for, or the agency's rationale for not proposing, the repeal or amendment of any prudential regulation that is effectively superseded by the implementation of an international prudential standard.

A federal banking agency must issue a report regarding any such final rule issued before the bill's enactment and on or after January 1, 2007.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Transparency and Accountability for Business Standards Act

Latest action (Apr 5, 2018): Placed on the Union Calendar, Calendar No. 473.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jul 11, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.