Systemic Risk Authority Transparency Act

This bill requires banking regulators to write reports to Congress when a bank fails and the Treasury Department decides it creates a systemic risk. The reports must include information about how the bank was supervised, any problems with the bank's executives and board, any mistakes made by regulators, and suggestions for keeping similar banks safer. Banking regulators must submit their reports within 90 days and again at 210 days, while the Government Accountability Office must submit its reports within 60 days and again at 180 days.

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