# 119-hr-1910: Chief Risk Officer Enforcement and Accountability Act

119-hr-1910, Chief Risk Officer Enforcement and Accountability Act, is a 119th Congress bill sponsored by Rep. Casten, Sean [D-IL-6] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1910
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1910
- Congress: 119
- Title: Chief Risk Officer Enforcement and Accountability Act
- Status: introduced
- Introduced: 2025-03-06
- Sponsor: Rep. Casten, Sean [D-IL-6] (D-IL)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Strengthening enterprise risk governance.** This bill would require large, systemically important financial firms to appoint a dedicated chief risk officer with clear duties and fast vacancy rules to tighten firmwide risk controls. - Covered financial firms would have to hire a CRO from among people experienced in managing risks at large, complex firms. The CRO would set enterprise-wide risk limits, create and enforce risk-management policies and systems to identify and report risks, ensure independence of the risk function, integrate risk controls with management goals and pay, and report to both the board risk committee and the CEO. - For CRO vacancies the company must notify its primary regulator within 24 hours and submit a hiring plan within 7 days. If the post is not filled within 60 days the firm must publicly disclose the vacancy and limit its total assets to the level on the vacancy date until a CRO is hired. - Regulators would have to require any bank without a holding company that has at least $50 billion in consolidated assets to form a risk committee and appoint a CRO. For nonbank financial companies supervised by the Board of Governors the Board would be the primary regulator under this rule.

## Cosponsors (5)

- Rep. Sherman, Brad [D-CA-32] (D-CA), 2025-03-06T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2025-03-06T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2025-03-06T00:00:00.000Z
- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2025-03-06T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2025-09-18T00:00:00.000Z

## Provisions PRIA read

- Asset cap if risk chief seat empty: mixed, medium. If enacted, a company would have to tell its regulators within 24 hours when the chief risk officer job opens. Within 7 days, it would need to file a plan to hire a well‑qualified risk officer. If unfilled after 60 days, the company would have to tell the public, including on its website. Until the…
- Big standalone banks must add risk oversight: mixed, medium. If enacted, regulators would require each bank without a holding company and with $50 billion or more in assets to set up a board risk committee and appoint a qualified chief risk officer. This would extend big‑bank risk governance to stand‑alone banks that meet the $50 billion threshold.
- Stronger risk officers at large firms: mixed, medium. If enacted, large financial companies covered by federal risk rules would have to appoint a qualified chief risk officer. The risk officer would set firm‑wide risk limits, test controls, and report to the board’s risk committee and the CEO. They would run independent risk systems, flag emerging ris…

## Related bills

- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-5361: George Floyd Justice in Policing Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025

## Sources
- [119-hr-1910 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1910)

## Related
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-5361: George Floyd Justice in Policing Act of 2025](https://policyrisk.com/legislation/119-hr-5361)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1910 (as of 2026-04-21).