118th Congress · HOUSE BILLBILL

H.R. 2396 — Social Media Bank Run Act

“To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to monitor social media platforms for indicators of a bank run or financial panic, and for other purposes.”

Finance and financial sector

Introduced Mar 29, 2023

Last action Mar 29, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 29, 2023

Step 2

Referred

Mar 29, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the Financial Stability Oversight Council to (1) monitor social media platforms for indications of potential bank runs or financial panics that could threaten the financial stability of the United States, and (2) report its findings to Congress.

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Mar 29, 2023

Introduced in House

Mar 29, 2023

Referred to the House Committee on Financial Services.