# 119-hr-3716: Systemic Risk Authority Transparency Act

119-hr-3716, Systemic Risk Authority Transparency Act, is a 119th Congress bill sponsored by Rep. Green, Al [D-TX-9] (D-TX); status passed_house; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3716
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3716
- Congress: 119
- Title: Systemic Risk Authority Transparency Act
- Status: passed_house
- Introduced: 2025-06-04
- Sponsor: Rep. Green, Al [D-TX-9] (D-TX)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**This bill would boost _transparency_ around decisions to invoke the systemic risk exception for failing banks by forcing fast, public-facing reviews and detailed agency reports while protecting sensitive information.** - The Government Accountability Office would review each systemic risk determination within 60 days and again 180 days and report to Congress on the basis for the decision, its intended purpose, likely effects on bank and depositor behavior, and contributing factors such as mismanagement and compensation practices. - The appropriate federal banking agency would have to produce detailed reports for Congress that disclose examination materials and supervisory communications and analyze executive or board mismanagement, agency shortcomings, and recommendations to improve safety and soundness. These disclosures must include records from the prior three years when relevant. - Agencies must meet firm reporting deadlines, may redact personally identifiable or privileged material, consult House and Senate banking committee leaders before omitting documents, and may consolidate multiple reports so timing rules are met.

## Provisions PRIA read

- Independent GAO review after bank failures: benefit, high. If enacted, the Government Accountability Office would review each systemic‑risk decision about a failed insured bank. GAO would report to Congress within 60 days and again at 180 days. The reports would explain why the decision was made and what actions were taken. They would assess likely effects…
- Regulators would report on bank failures: benefit, high. If enacted, the failed bank’s main federal regulator would send Congress two reports: one due in 90 days and another at 210 days. The reports would include exam and inspection reports and key supervisory letters from the past 3 years. They would analyze executive and board mismanagement, the agency…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-6771: Housing Crisis Response Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-2038: American Housing and Economic Mobility Act of 2025

## Sources
- [119-hr-3716 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3716)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-6771: Housing Crisis Response Act of 2025](https://policyrisk.com/legislation/119-hr-6771)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-2038: American Housing and Economic Mobility Act of 2025](https://policyrisk.com/legislation/119-hr-2038)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3716 (as of 2026-09-21).