Banking Regulator Accountability Act

HR 3555, the Banking Regulator Accountability Act, requires four major financial regulators - the Federal Reserve, FDIC, Comptroller of the Currency, and National Credit Union Administration - to submit detailed semi-annual reports to Congress on their supervision of banks and credit unions. The reports must include aggregate data on firm conditions, supervisory actions, enforcement history, and organizational structure, broken down by institution size. Regulators must also provide confidential reports identifying specific institutions with poor ratings or active enforcement actions. This bill directly affects the regulators by mandating greater transparency in their oversight processes. It aims to provide Congress with consistent, data-driven insights into financial supervision without altering regulatory standards or enforcement authority.