International Regulatory Transparency and Accountability Act

HR 4642, the International Regulatory Transparency and Accountability Act, requires U.S. financial regulators (including the Federal Reserve, SEC, and Treasury) to increase transparency in international financial negotiations. The bill mandates that these regulators provide Congress and the public with written notifications before international talks (excluding enforcement agreements), report on how U.S. positions are formed, and post meeting summaries online. It also requires a 60-day public comment period before finalizing agreements with covered international bodies like the Basel Committee and Financial Stability Board, and makes all final agreements publicly accessible. This bill directly affects the nine federal financial regulators listed in its definition and applies to their activities with specific international financial organizations.