118th Congress · HOUSE BILLBILL

H.R. 7691 — To require the Chairperson of the Financial Stability Oversight Council to provide contingency plans for a disruption in the timing of payment on Treasury securities, and for other purposes.

“To require the Chairperson of the Financial Stability Oversight Council to provide contingency plans for a disruption in the timing of payment on Treasury securities, and for other purposes.”

Finance and financial sector

Introduced Mar 15, 2024

Last action Mar 15, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 15, 2024

Step 2

Referred

Mar 15, 2024

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 report to Congress on the council’s contingency plans in the case of a disruption of Treasury securities payments. This includes disruptions due to systems failures, cyberattacks, natural disasters, terrorist attacks, and reaching the U.S. debt limit. The council must make recommendations for strategies to deal with delayed payments.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Mar 15, 2024

Introduced in House

Mar 15, 2024

Referred to the House Committee on Financial Services.