Federal banking agencies must report on the failure of insured depository institutions to Congress and the public.
The Systemic Risk Authority Transparency Act amends the Federal Deposit Insurance Act to require federal banking agencies to report on the failure of insured depository institutions. These reports must include examination and inspection reports, supervisory determinations, and any relevant entities or activities that may have contributed to the failure. The reports must be submitted to Congress and published to the fullest extent possible.
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- Core Provisions
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- Legal Framework
- Critical Issues
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