Financial Data Transparency Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 24, 2022)
Financial Data Transparency Act of 2022
This bill requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.
The bill also decreases, beginning September 30, 2031, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)
The Government Accountability Office must report on the feasibility of applying the taxonomy established by this bill to the wider federal government.
What just happenedMay 24, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateMay 24, 2022
- May 24, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - May 24, 2022IntroReferral10000
Introduced in Senate