118th Congress · HOUSE BILLBILL

H.R. 5602Interest Rate Risk Reporting Act

To amend the Federal Reserve Act to require the Chairman of the Board to address interest rate risk when appearing at semi-annual hearings before the Congress.

Finance and financial sector
Introduced Sep 20, 2023
Last action Sep 20, 2023
Pipeline · Bill → Law
Step 1
Introduced
Sep 20, 2023
Step 2
Referred
Sep 20, 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 Board of Governors of the Federal Reserve System to address interest rate risk during semiannual hearings before Congress. The board must address the vulnerability of the U.S. financial system to interest rate risk and the exposure of assets held by the board and Federal Reserve banks.      

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
Sep 20, 2023
Introduced in House
Sep 20, 2023
Referred to the House Committee on Financial Services.