Open Eye

A plain-language record of the U.S. government

117th Congress · House

Financial Transparency Act of 2021

Subjects: Administrative law and regulatory procedures · Banking and financial institutions regulation · Commodities markets · Commodity Futures Trading Commission · Congressional oversight · Consumer Financial Protection Bureau · Corporate finance and management · Department of the Treasury

In plain language

  • House bill in the 117th Congress.
  • Requires federal financial regulatory agencies to adopt specified data standards on format, searchability, and transparency.
  • House passed it on Oct 26, 2021 (substantive).
Official summary (Congressional Research Service)

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.)

View this measure on congress.gov

Roll-call votes on this measure