H.R. 3556 is a proposed law intended to make the United States' financial systems more accountable and transparent. The bill aims to enhance the transparency of major financial institutions like the Federal Deposit Insurance Corporation, the Federal Reserve, and the Financial...
Simple Explanation
H.R. 3556 is like a new set of rules to make sure big money bosses, like banks, share more information about what they do and why, to help everyone keep an eye on them and make sure they are behaving well. It also makes sure there are special checks to pick people who are good at keeping an eye on these money bosses.