HR 3716 United States House · 119th Congress

Systemic Risk Authority Transparency Act

HR 3716, the Systemic Risk Authority Transparency Act, requires greater transparency around bank failures involving institutions covered by FDIC insurance. It mandates two key reports: first, the GAO must review and report to Congress within 60 days (and again 180 days) after a bank failure determination, examining factors like mismanagement, regulatory gaps, and the bank’s compensation practices. Second, the relevant federal banking agency must submit a detailed report to Congress within 90 days (and again 210 days) after such a determination, including examination records, supervisory communications, and causes of the failure, while protecting sensitive information. The bill aims to improve congressional oversight of bank failures and systemic risks without altering regulatory enforcement authority.

Bill status passed 3 of 5 stages cleared

Introduction

Jun 2025

Committee Review

Dec 2025

House Passage

Dec 2025

Senate Passage

President

Introduced Jun 4, 2025 Last action Dec 2, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House → Engrossed in House · 5 edits · Dec 1, 2025

MODERATE

The changes from the Introduced to Engrossed version of HR 3716 are primarily technical and drafting corrections. A duplicated word was removed, a department name was corrected to its formal title, and formatting was cleaned up throughout section (b). One minor wording change altered 'and legislative recommendations' to 'or legislative recommendations,' slightly broadening the scope of what banking agencies may include in their reports.

TECHNICAL

Removed a duplicated word: 'not later than later than 60 days' was corrected to 'not later than 60 days' in the GAO review provision.

Changed 'Treasury Department' to 'Department of the Treasury' in the GAO review provision, using the formal name of the agency.

Added a comma in the Freedom of Information Act citation: 'title 5 United States Code' became 'title 5, United States Code.'

Reformatted section (b) throughout, removing extra blank lines between sub-provisions for a more compact layout with no substantive content changes.

REQUIREMENT

In the banking agency report provision, changed 'supervisory, regulatory, and legislative recommendations' to 'supervisory, regulatory, or legislative recommendations,' meaning agencies are no longer required to include all three types of recommendations but may include any combination.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Dec 2, 2025

Committee

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

upper

Dec 1, 2025

Introduced

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4947)

lower

Dec 1, 2025

Lower · Passed

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4947)

lower

Dec 1, 2025

Introduced

Mr. Davidson moved to suspend the rules and pass the bill, as amended.

lower

Jul 15, 2025

Lower · Passed

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-206.

lower

Jun 10, 2025

Introduced

Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

lower

Jun 10, 2025

Lower · Passed

Committee Consideration and Mark-up Session Held

lower

Jun 4, 2025

Committee

Referred to the House Committee on Financial Services.

lower

Jun 4, 2025

Introduced

Introduced in House

lower

1 primary · 0 co-sponsors