H.R. 3179: Transparency and Accountability for Business Standards Act

CBO Score

$4 million

Date of Report

Wed March 28th, 2018

CBO Report Details

Legislation Details

115th Congress

To require the appropriate Federal banking agencies, when issuing certain prudential regulations that are substantively more stringent than a corresponding international prudential standard to publish the rationale for doing so and a cost-benefit analysis of the difference, and for other purposes.

Sponsor: Rep. Trey Hollingsworth — R — IN

This bill requires a federal banking agency to publish for notice and comment: (1) the agency's rationale for, and cost-benefit analysis regarding, the adoption of any prudential regulation that is substantively more stringent than a corresponding international prudential standard; and (2) a proposal for, or the agency's rationale for not proposing, the repeal or amendment of any prudential regulation that is effectively superseded b...

View the full vote history of this bill on GovTrack.us.

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