Ensuring U.S. Authority over U.S. Banking Regulations Act

This bill says that certain U.S. banking regulators, like the Federal Reserve and the FDIC, must notify Congress and provide a detailed economic analysis before putting in place any major new rule that follows recommendations from international non-governmental organizations, such as the Basel Committee on Banking Supervision. A "major rule" is one that would affect the U.S. economy by at least $10 billion over 10 years. The bill also requires these regulators to submit yearly reports to Congress if they work with certain international organizations on topics related to climate-related financial risks, including details about what activities they participate in and how those organizations are funded.

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