Financial Regulators Transparency Act of 2023

This bill would require major financial regulators like the Federal Reserve, Consumer Financial Protection Bureau, FDIC, and SEC to treat congressional requests for information with higher priority than public requests and without charging fees. It would reclassify Federal Reserve Banks as agencies subject to the Freedom of Information Act, requiring them to disclose ethics-related information including financial disclosures, personnel matters, and ethics program details. The bill would prevent agencies from withholding information on common law privilege grounds like attorney-client privilege and establish security protocols for handling sensitive materials. It applies to multiple financial regulatory agencies, aiming to increase transparency in their operations and ethics practices.