GSIB Act of 2026
Sponsored By: Representative Rep. Pressley, Ayanna [D-MA-7]
Introduced
Summary
Annual public reporting by global systemically important bank holding companies would force detailed, public disclosure of a bank’s size, risks, governance, pay practices, climate finance and effects on consumers and communities. The bill would create a new, statutory annual report to the Federal Reserve with public posting on the Board’s website.
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- Families and consumers would get clearer information on enforcement actions and harms. Reports must list all enforcement actions, the number of consumers, employees, or investors harmed, the use of forced arbitration, and firms’ cybersecurity and data protection approaches.
- Workers and employees would see pay and accountability details. Firms would report employee dismissals for misconduct, whether executives were involved, compensation broken down by decile, CEO and senior pay versus median worker pay, clawback and accountability policies, and whistleblower and ethics complaints and resolutions.
- Investors, regulators, and communities would gain deeper market and societal transparency. Required disclosures cover trading desk structure and Volcker Rule compliance, merger effects on branches and market concentration, 10-year trend comparisons, actions on climate financing and financed emissions, environmental harm in affected communities, and support for minority depository institutions and community development banks.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Annual public reports by big banks
This bill would require each global systemically important bank holding company (GSIB) to file an annual report to the Board of Governors of the Federal Reserve. The Board would have to post each report on its website. Reports would be issued every year and include a ten-year comparison for the listed items. The reports would cover 18 specified areas, including company size, a list of subsidiaries, branch counts by geography, and effects of mergers on branch closures and regional deposit market share (HHI). Reports would list all enforcement actions and state the number of consumers, employees, or investors harmed and the use of forced arbitration. Trading disclosures would include trading-desk structure, desk-level inventory metrics (average and standard deviation) for a quarterly period that ends six months before the report date, and trading profit breakdowns and Volcker Rule compliance. Compensation and labor disclosures would show pay by decile, CEO-to-median comparisons, clawback policies, number of employees paid minimum wage, and whether vendors are required to pay a minimum wage. Reports would also cover board and executive diversity, whistleblower complaints and resolutions, cybersecurity and AI risk controls, investments in MDIs/CDFIs, and climate financing targets with alignment to 1.5°C and scenario analysis out to 3°C.
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Sponsors & CoSponsors
Sponsor
Rep. Pressley, Ayanna [D-MA-7]
MA • D
Cosponsors
Rep. Green, Al [D-TX-9]
TX • D
Sponsored 2/11/2026
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 2/11/2026
Roll Call Votes
No roll call votes available for this bill.
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