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H.R.2989 - Financial Transparency Act of 2021117th Congress (2021-2022) |

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Sponsor: Rep. Maloney, Carolyn B. [D-NY-12] (Introduced 05/04/2021)
Committees: House - Financial Services; Agriculture | Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 10/26/2021 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.  (All Actions)
Roll Call Votes: There has been 1 roll call vote

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This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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Summary: H.R.2989 — 117th Congress (2021-2022)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House (10/25/2021)

Financial Transparency Act of 2021

This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.

The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)