Barry Loudermilk (R-GA)
Ensuring U.S. Authority over U.S. Banking Regulations Act
A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Ensuring U.S. Authority over U.S. Banking Regulations Act establishes new requirements for Federal banking agencies when they implement policies from non-governmental international organizations. It requires these agencies to provide notice, testimony, and detailed economic analyses to specific House and Senate committees before proposing or finalizing "major covered rules." A major covered rule is defined as a rule intended to align with international organization recommendations that has an economic effect of $10,000,000,000 or more over ten years. The bill also mandates specific reporting requirements for regulators engaging in discussions regarding climate-related financial risk. These reports must include descriptions of organizational activities and detailed funding sources.
Yes· 3 of 4
- Scored +3
Does this make what the government does easier for the public to see?
Mandates detailed economic analyses and reports on international interactions, increasing agency transparency.
- Scored +1
Is this likely to grow the economy?
Increased transparency and economic analysis for major rules may prevent unexpected economic shocks.
- Scored +1
Does this give people more protection from unfair business practices?
Enhanced economic analysis requirements may protect against broad negative economic impacts of new regulations.
The opposite
- Scored -2
Does this cut the pollution that drives climate change?
Increased oversight of climate-related risk discussions may slow the implementation of green financial policies.
- Scored -1
Does this give the federal government more power?
The bill shifts power toward Congress by restricting the independent rulemaking authority of federal agencies.
- Scored -1
Does this strengthen ties with allied countries?
Increased friction and reporting requirements for international engagement may impact diplomatic coordination.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Economic Transparency: Federal banking agencies would be required to provide a detailed economic analysis before moving forward with major rules. This analysis must include projections regarding economic costs, sectoral effects, and the impact on the gross domestic product, employment, and the availability of credit (Section 2).
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Enhanced Oversight of International Influence: The bill requires federal regulators to provide notice and testimony to House and Senate committees before finalizing rules intended to align with the recommendations of non-governmental international organizations (Section 2).
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Greater Accountability Regarding Climate Discussions: Regulators must provide a detailed report containing a description of activities and a detailed accounting of funding sources before they can engage with certain international organizations on climate-related financial risk (Section 3).
Potential Negative Impacts for People
- Increased Regulatory Delays: Federal banking agencies are prohibited from proposing or finalizing major covered rules until they have provided notice, testimony, and economic analysis to congressional committees at least 120 days in advance (Section 2).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this give people more protection from unfair business practices? — Enhanced economic analysis requirements may protect against broad negative economic impacts of new regulations. Is this likely to grow the economy? — Increased transparency and economic analysis for major rules may prevent unexpected economic shocks.
- Environment Energy And Infrastructure
- Does this cut the pollution that drives climate change? — Increased oversight of climate-related risk discussions may slow the implementation of green financial policies.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — Mandates detailed economic analyses and reports on international interactions, increasing agency transparency. Does this give the federal government more power? — The bill shifts power toward Congress by restricting the independent rulemaking authority of federal agencies.
- Demographic And Interest Groups
- Would business owners be better off under this? — Increased economic analysis may provide more predictability for businesses regarding large-scale regulatory changes.
- National Security And Foreign Policy
- Does this strengthen ties with allied countries? — Increased friction and reporting requirements for international engagement may impact diplomatic coordination.
- 5/13/2025
- Referred to the House Committee on Financial Services.
- Introduced in House