H.R.3179 - Transparency and Accountability for Business Standards Act115th Congress (2017-2018)
|Sponsor:||Rep. Hollingsworth, Trey [R-IN-9] (Introduced 07/11/2017)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 115-620|
|Latest Action:||House - 04/05/2018 Placed on the Union Calendar, Calendar No. 473. (All Actions)|
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Summary: H.R.3179 — 115th Congress (2017-2018)All Information (Except Text)
Reported to House without amendment (04/05/2018)
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or the agency's rationale for not proposing, the repeal or amendment of any prudential regulation that is effectively superseded by the implementation of an international prudential standard.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.