Search Results: keywords:"financial supervision"

  • H. R. 2702 — To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
    Status:Introduced in House
    Words:1,180

    H.R. 2702, known as the "Financial Integrity and Regulation Management Act" or "FIRM Act," aims to prevent federal banking agencies from using reputational risk as part of their oversight of banks and financial institutions. The bill defines reputational risk as the potential harm from...

    Simple Explanation

    H.R. 2702, called the "FIRM Act," is a rule that says people who check on banks must stop worrying about whether the bank might look bad because of what others say, so they can focus on more important things.

  • H. R. 7437 — To require certain supervisory agencies to assess their technological vulnerabilities, and for other purposes.
    Status:Reported in House
    Words:1,494

    H.R. 7437 proposes a requirement for certain supervisory agencies to assess their current technological systems and procurement practices to identify vulnerabilities. The bill aims to ensure these agencies can effectively and sustainably fulfill their roles, such as...

    Simple Explanation

    H.R. 7437 is a plan to make sure some government agencies check their computer systems to find any weaknesses, so they can do their jobs better and keep people safe in the digital world. They want to learn about their computers, fix any problems, and work together to make a strong plan for the future.