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H.R. 3948: GSIB Act of 2021

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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.

The bill’s titles are written by its sponsor.

Sponsor and status

Ayanna Pressley

Sponsor. Representative for Massachusetts's 7th congressional district. Democrat.

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Last Updated: Jun 16, 2021
Length: 9 pages
Introduced
Jun 16, 2021
117th Congress (2021–2023)
Status

Ordered Reported on Jun 23, 2021

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on June 23, 2021.

Prognosis
33% chance of being enacted according to Skopos Labs (details)
Source

History

Jun 16, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jun 23, 2021
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

If this bill has further action, the following steps may occur next:
 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 3948 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 3948. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 3948 — 117th Congress: GSIB Act of 2021.” www.GovTrack.us. 2021. July 25, 2021 <https://www.govtrack.us/congress/bills/117/hr3948>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.