HR 1910 · in committee · significant
Chief Risk Officer Enforcement and Accountability Act
- economy
What this bill does
- This bill requires more financial companies to establish risk committees and appoint chief risk officers to oversee risk management.
- Large privately-held banks and bank holding companies are newly affected, along with large banks without holding companies.
- Companies must notify regulators within 24 hours of a chief risk officer vacancy, and assets are capped if the vacancy lasts 60+ days.
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Community Threads
Started by Cosponsor
- 01
How would the 24-hour notification requirement and 60-day asset cap affect the ability of large banks to find qualified chief risk officers?
- 02
Which financial institutions currently lack risk committees, and what risks might they face without this oversight structure?
- 03
What evidence suggests that chief risk officer requirements reduce financial instability compared to other regulatory approaches?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-IL-6
Sean Casten
Citizen cosponsors
0
In Congress
5/ 435
House Reps cosponsoring
Introduced 2025-03-06
Joining the bill
Legislative timeline
2025-03-06 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-03-06 · IntroReferral
Introduced in House
2025-03-06 · IntroReferral
Introduced in House
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