H.R. 4116, known as the "Systemic Risk Authority Transparency Act," seeks to amend the Federal Deposit Insurance Act by ensuring clearer reporting on the use of the systemic risk authority when dealing with failed banks. The bill mandates that the Government Accountability...
Simple Explanation
H.R. 4116 is a new rule that wants to make sure people know why some banks fail by having reports that explain everything in a way that tries not to spill secrets, but some parts of this rule might make it hard to show all the details.