Stop Executive Capture of Banking Regulators Act

HR 4737, the "Stop Executive Capture of Banking Regulators Act," requires five major financial regulatory agencies (Federal Reserve, Office of the Comptroller of the Currency, FDIC, NCUA, and FHFA) to notify Congress and provide detailed justification before implementing non-binding recommendations from the Financial Stability Oversight Council (FSOC) chair or executive orders. Specifically, agencies must give Congress 120 days' notice, submit a report explaining the proposed implementation and its rationale, and offer testimony if requested. This bill directly affects how these regulators interact with Congress on certain policy proposals, adding a formal consultation step. It does not change regulatory standards but mandates transparency and oversight for specific types of guidance. The bill focuses on procedural requirements, not substantive policy changes.