Financial Data Transparency Act of 2022
Summary
Financial Data Transparency Act of 2022 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.) The Government Accountability Office must report on the feasibility of applying the taxonomy established by this bill to the wider federal government.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2022
Committee Review
Floor Vote
President
Introduced May 24, 2022
Last action May 24, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 24, 2022
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
May 24, 2022
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark R. Warner
DDemocratic
Co
Chuck Grassley
RRepublican
Co
Mike Crapo
RRepublican
Co
Tim Scott
RRepublican
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