GSIB Act of 2021
Latest action · Jun 23, 2021 Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 16, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Greater Supervision In Banking Act of 2021 or the GSIB Act of 2021
This bill requires certain large bank holding companies (also known as global systemically important banks) to annually report on, among other things, their size and complexity, enforcement and regulatory actions taken against them, capital market activity, employee compensation, employee diversity, and environmental impacts.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 16, 2021Markup Jun 23, 2021 |
Actions 4
Everything that happened, newest first.
- Jun 23, 2021Committee Consideration and Mark-up Session Held.
- Jun 23, 2021Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
- Jun 16, 2021Introduced in House
- Jun 16, 2021Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimate
- Jul 30, 2021H.R. 3948, Greater Supervision In Banking Act of 2021As ordered reported by the House Committee on Financial Services on June 23, 2021
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 105, June 16, 2021, page H2893.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R47026 | Financial Regulation: Systemic Risk | Report | Feb 1, 2022 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 9848 | GSIB Act of 2024 | Reintroduced Bill | Sep 25, 2024 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the global systemically important bank holding companies to provide annual reports to the Board of Governors of the Federal Reserve System, and for other purposes.
- Short Title(s) as Introduced
- GSIB Act of 2021
- Greater Supervision In Banking Act of 2021
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Air quality
- Banking and financial institutions regulation
- Business records
- Civil actions and liability
- Climate change and greenhouse gases
- Coal
- Computer security and identity theft
- Congressional oversight
- Employment discrimination and employee rights
- Finance and Financial Sector
- Financial services and investments
- Foreign and international banking
- Government information and archives
- Minority employment
- Oil and gas
- Personnel records
- Securities
- Women's employment
Text 1
Each version as it was printed, newest first.
- Jun 16, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
