HR 2989 United States House · 117th Congress

Financial Transparency Act of 2021

Summary

Financial Transparency Act of 2021 This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency. The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)

Bill status passed 3 of 5 stages cleared

Introduction

May 2021

Committee Review

Oct 2021

House Passage

Oct 2021

Senate Passage

President

Introduced May 4, 2021 Last action Oct 26, 2021

Floor votes · House Oct 25, 2021

How they voted

400–19

Passed · 12 other

Total votes 431

Oct 25, 2021

D Democratic219

216 Yea 3

98% Yea

R Republican212

184 Yea 19 Nay 9

86% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Oct 26, 2021

Committee

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

upper

Oct 25, 2021

Introduced

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 19 (Roll no. 333). (text: CR H5840-5846)

lower

Oct 25, 2021

Lower · Passed

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 19 (Roll no. 333).(text: CR H5840-5846)

lower

Oct 25, 2021

Introduced

Ms. Waters moved to suspend the rules and pass the bill, as amended.

lower

Jun 21, 2021

Committee

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

lower

May 4, 2021

Committee

Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

May 4, 2021

Introduced

Introduced in House

lower

1 primary · 1 co-sponsor