01 — The Text
What.
- This bill creates a process for Congress to review and evaluate how federal financial agencies are doing their jobs, including banks, investment firms, and consumer protection agencies.
- It requires regular reporting on financial sector regulations and their effects, giving lawmakers information about whether current rules are working effectively or need changes.
02 — The Stakes
So what?
- American consumers and businesses that use banks, credit cards, loans, and investments are affected because this bill influences what rules govern the financial companies they deal with.
- It matters because Congress wants to understand whether financial regulations protect people from fraud and unfair practices while still allowing businesses to operate successfully.
03 — The Path
Now what?
- The bill passed its House committee in February 2026 and is awaiting a full House floor vote.
- Citizens can contact their House representative to express support or concerns about financial regulation oversight at house.gov/representatives.
Legislative History
Actions.
- Feb 25, 2026 — Placed on the Union Calendar, Calendar No. 452.
- Feb 25, 2026 — Reported (Amended) by the Committee on Financial Services. H. Rept. 119-527.
- Feb 25, 2026 — Reported (Amended) by the Committee on Financial Services. H. Rept. 119-527.
- Dec 17, 2025 — Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 23.
- Dec 17, 2025 — Committee Consideration and Mark-up Session Held
- Dec 16, 2025 — Committee Consideration and Mark-up Session Held
- Dec 9, 2025 — Referred to the House Committee on Financial Services.
- Dec 9, 2025 — Introduced in House