Ensuring U.S. Authority over U.S. Banking Regulations Act

# Ensuring U.S. Authority over U.S. Banking Regulations Act Summary **What the Bill Does:** This bill, HR 3355, aims to preserve U.S. control over American banking regulations by limiting the influence of international banking standards and agreements on U.S. financial policy. While the bill text and specific provisions aren't detailed in the information provided, the title suggests it would prevent international bodies from dictating how the U.S.

regulates its banks and financial institutions. **Who It Affects:** The bill would impact banks and financial institutions operating in the United States, U.S. banking regulators, and potentially consumers who use banking services. It may also affect international cooperation on financial standards between the U.S. and other countries. **Current Status:** As of now, HR 3355 is in committee, meaning it has been introduced but has not yet advanced to a full congressional vote. The bill was sponsored by Representative Barry Loudermilk (R-GA) in the 119th Congress. To understand the specific regulations this bill would change, you would need to review the full bill text, which wasn't provided here.