Federal Legislation
Congress Mandates Federal Banking Agencies Report
February 25, 2026
Congress has enacted the American Financial Institution Regulatory Sovereignty and Transparency Act of 2025, requiring the Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) to submit detailed annual reports on their engagements with international financial regulatory and supervisory forums. This legislation aims to increase transparency and congressional oversight of U.S. federal banking agencies' participation in global financial regulatory standard-setting activities, impacting how these agencies manage and disclose their international regulatory interactions.
- Procurement professionals supporting federal banking agencies should anticipate increased reporting requirements and potential demand for enhanced data collection, compliance, and reporting solutions.
- Contractors offering regulatory compliance, data analytics, and reporting services may find new opportunities to assist agencies in meeting the mandated transparency and oversight obligations.
- This act signals heightened congressional scrutiny of international regulatory coordination, which could influence future procurement priorities related to financial regulatory technology and advisory services.
- Organizations engaged with federal banking agencies should evaluate how these reporting mandates affect contract scopes, deliverables, and compliance timelines.
The unusually-extensive reporting requirements of this bill would chill efforts to promote international coordination of regulatory standards.
— Maxine Waters, Ranking Member
Agencies
Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Committee on Financial Services, Committee on Banking, Housing, and Urban Affairs