H. R. 9848, also known as the “Greater Supervision In Banking Act of 2024” or the “GSIB Act of 2024,” is a bill that requires global systemically important bank holding companies to submit annual reports to the Board of Governors of the Federal Reserve System. These reports...
Simple Explanation
H. R. 9848 wants big and important banks to tell the government all about what they're doing every year, like who works there, how they protect computers from bad guys, and how they take care of the Earth, so everyone can see they're being good and safe.