Banking Regulator International Reporting Act

HR 4601, the Banking Regulator International Reporting Act, requires five major U.S. financial regulators (the Federal Reserve, Office of the Comptroller of the Currency, FDIC, NCUA, and FHFA) to document and report their interactions with key international financial organizations. The bill mandates that these agencies keep detailed records of all meetings and recommendations related to global financial standards, including those from groups like the Financial Stability Board and Basel Committee. Each year, they must submit a report to Congress detailing all interactions from the previous year and disclosing the funding sources of each international organization they engaged with. This bill focuses on increasing transparency about how U.S. regulators collaborate with global bodies on financial policy.