Search Results for keywords:"financial sector"

Search Results: keywords:"financial sector"

H. R. 7036 — To amend the Federal Credit Union Act to modify requirements relating to the regulation and examination of credit union organizations and service providers, to provide the Director of the Federal Housing Finance Agency with the authority to regulate the provision of services provided to the Government-sponsored enterprises and Federal Home Loan Banks, and for other purposes.
January 18, 2024
Status:Introduced in House
Congress:118
Words:570
H. R. 7036, known as the “Strengthening Cybersecurity for the Financial Sector Act of 2024,” aims to update regulations for credit union organizations and service providers. It amends the Federal Credit Union Act by changing certain notification and procedural requirements...
Simple Explanation
H. R. 7036 is a bill that tries to make rules stronger for banks and credit unions, especially on computer safety to keep everyone's money safe. It also gives one person, the Director of a big housing group, the power to check on how these banks get help from others, making sure it's all done right.
H. R. 6323 — An Act To modify the availability of certain waiver authorities with respect to sanctions imposed with respect to the financial sector of Iran, and for other purposes.
April 17, 2024
Status:Engrossed in House
Congress:118
Words:2,516
H.R. 6323, titled the “Iran Counterterrorism Act of 2023,” aims to change the rules around waiving sanctions on Iran's financial sector. The bill specifies conditions under which the U.S. President can issue waivers, primarily if Iran stops supporting terrorism, and requires a review period...
Simple Explanation
Imagine if the United States has special rules that say they won't trade or work with Iran's banks because of bad behavior. This bill wants to make sure those rules can't be lifted unless Iran stops being bad, and it gives Congress some time to decide if it's okay to change those rules.
S. 3554 — To amend the Financial Stability Act of 2010 to provide the Financial Stability Oversight Council with duties regarding artificial intelligence in the financial sector, and for other purposes.
December 18, 2023
Status:Introduced in Senate
Congress:118
Words:1,691
The bill S. 3554, titled the "Financial Artificial Intelligence Risk Reduction Act" or "FAIRR Act," aims to amend the Financial Stability Act of 2010 by assigning the Financial Stability Oversight Council new responsibilities related to the use of artificial intelligence in...
Simple Explanation
The FAIRR Act is a new rule that asks special money experts to look at how computers making their own decisions (AI) can affect money and making sure it's safe. It wants to set rules to make sure these super-smart computers don't cause big money problems.
H. R. 6323 — To modify the availability of certain waiver authorities with respect to sanctions imposed with respect to the financial sector of Iran, and for other purposes.
April 15, 2024
Status:Reported in House
Congress:118
Words:2,790
H.R. 6323 seeks to change how the United States handles waiver authorities concerning sanctions imposed on Iran's financial sector. Specifically, the bill amends previous defense acts to require a review period by Congress before the President can issue a waiver to lift these...
Simple Explanation
H.R. 6323 is a plan that says if the President wants to change some rules about not trading with Iran's banks, Congress first needs to check and give the thumbs up or down. This helps make sure everyone's okay with it before any big changes happen.

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