Search Results for keywords:"financial stability act of 2010"

Search Results: keywords:"financial stability act of 2010"

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. 7057 — To require the Financial Stability Oversight Council to report to Congress annually on the threat illegal immigration poses to the financial stability of the United States and recommendations on mitigating such threat, and for other purposes.
January 18, 2024
Status:Introduced in House
Congress:118
Words:311
H. R. 7057 aims to address the financial impact of illegal immigration on the United States. It requires the Financial Stability Oversight Council to report to Congress each year about the risks illegal immigration might pose to the country's financial stability and to...
Simple Explanation
H.R. 7057 is a plan where the government would check each year to see if people coming to the country without permission are causing money problems for the country, and then share ways to fix any problems they find.
H. R. 4206 — To amend the Financial Stability Act of 2010 to require covered financial institutions to include elements of accumulated other comprehensive income when calculating capital for purposes of meeting capital requirements, and for other purposes.
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November 01, 2024
Status:Reported in House
Congress:118
Words:962
H.R. 4206, known as the “Bank Safety Act of 2024,” proposes changes to the Financial Stability Act of 2010. It mandates that certain financial institutions must include accumulated other comprehensive income (AOCI) in their capital calculations. This bill applies to large...
Simple Explanation
The Bank Safety Act of 2024 asks big banks to show some extra money they earn or lose in a different way to make sure they have enough for safety. It helps everyone know how strong the bank really is with their money plans.
H. R. 7954 — To amend the Financial Stability Act of 2010 to establish an Advisory Committee on Economic Fallout From Chinese Military Aggression Towards Taiwan, and for other purposes.
April 11, 2024
Status:Introduced in House
Congress:118
Words:916
H. R. 7954 aims to amend the Financial Stability Act of 2010 by forming an Advisory Committee focused on economic issues resulting from potential Chinese military actions towards Taiwan. This committee will examine how such aggression could impact U.S. and global markets,...
Simple Explanation
H.R. 7954 is a proposal to set up a group of advisors who will study how any military moves by China towards Taiwan might affect the economy. They'll meet regularly to share advice and help keep things stable when it comes to money and jobs.

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