H.R. 7513

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7513 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7513

To require the global systemically important bank holding companies to 
provide annual reports to the Board of Governors of the Federal Reserve 
System, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 11, 2026

Ms. Pressley (for herself, Mr. Green of Texas, and Ms. Tlaib) 
introduced the following bill; which was referred to the Committee on 
Financial Services

_______________________________________________________________________

A BILL

To require the global systemically important bank holding companies to 
provide annual reports to the Board of Governors of the Federal Reserve 
System, and for other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Greater Supervision In Banking Act 
of 2026'' or the ``GSIB Act of 2026''.

SEC. 2. GSIB ANNUAL REPORTS.

The Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) is 
amended by adding at the end the following:

``SEC. 15. GSIB ANNUAL REPORTS.

``(a) Annual Report.--Each global systemically important bank 
holding company shall issue an annual report to the Board containing a 
description of the activities of the company during the previous year 
and a description of the company's objectives and goals for the 
following year.
``(b) Specific Contents.--Each report required under subsection (a) 
shall include a description of--
``(1) the company's size and complexity, including a 
listing of all company subsidiaries and their relationship to 
specified company business lines;
``(2) with respect to each depository institution 
subsidiary of the company, the number and geographic 
distribution of the branches of such subsidiary;
``(3) any enforcement actions, including any consent orders 
and settlements, against the company (including any affiliate 
or subsidiary of the company), including enforcement actions 
related to labor and health and safety law violations (in 
addition to consumer protection);
``(4) with respect to each enforcement action described 
under paragraph (3), the total number of consumers, employees, 
or investors harmed by the conduct that was the basis for such 
enforcement action;
``(5) the number of employees dismissed for misconduct, and 
whether any such employees were company executives;
``(6) the company's capital market activities, including 
with respect to securities (including underwriting, trading, 
and securitization) and derivatives, including--
``(A) the trading desk structure of the company, 
identifying each desk and the instruments traded or 
held at each desk;
``(B) the average and standard deviation of a 
metric of inventory, constructed using data on 
individual trading desk positions, for long securities 
positions, short securities positions, and derivatives, 
at each individual trading desk for a quarterly period 
six months prior to the reporting date;
``(C) how the company complies with restrictions 
under section 13 of the Bank Holding Company Act of 
1956 (commonly referred to as the `Volcker Rule') at 
each trading desk, including a general description of 
the methodology for determining reasonably expected 
near term customer demand and for designing 
compensation practices at the desk so as not to create 
incentives for proprietary trading;
``(D) the total profit or loss attributed to the 
company's trading account, including a breakdown of 
profit earned on fees, commissions, and spreads, and a 
description of the source of trading account profit or 
loss that cannot be attributed to fees, commissions, 
and spreads; and
``(E) a description of shareholder rights in the 
jurisdiction of incorporation and in relevant charter 
and bylaw provisions, including the--
``(i) ability and any restrictions to bring 
shareholder derivative claims, file shareholder 
proposals, and make books and records requests;
``(ii) scrutiny conflicted transactions 
face and any cleansing mechanisms;
``(iii) standards for determining whether 
directors are independent and whether large 
shareholders are controlling shareholders; and
``(iv) ability to have shareholder 
contracts that bestow governance rights and any 
such existing contracts;
``(7) the extent to which the company utilizes forced 
arbitration clauses in contracts with consumers, employees, 
investors, and contractors;
``(8) the company's compensation and clawback policies, 
including--
``(A) how these policies are designed to promote 
accountability of company executives;
``(B) how the compensation of the chief executive 
officer and other senior executives compares to the 
median compensation of an employee of the company; and
``(C) a detailed description of any stipulation 
that third-party vendor of the company pays its 
employees a minimum wage;
``(9) with respect to compensation paid by the company--
``(A) the average amount of compensation received 
by each decile of employees;
``(B) a break down of the base pay and incentive 
pay for each decile, including a description of 
metrics, sales goals, or cross selling required to be 
met in order to qualify for the incentive or bonus pay;
``(C) the minimum wage received by employees; and
``(D) the number of employees who receive the 
minimum wage;
``(10) the diversity of the directors of the company's 
board and senior executives, the policies and practices 
implemented at the company to promote diversity and inclusion 
among the company's workforce, and the policies implemented by 
the company to promote the use of diverse contractors, 
including diverse asset managers, brokers, and underwriters;
``(11) the company's approach to cybersecurity and 
protecting consumer data;
``(12) the total number of whistleblower and ethics 
complaints made by employees through internal company protocols 
over the past year, what issues were involved in the 
complaints, and what the resolutions of the complaints were;
``(13) the company's actions taken in relation to climate 
risk and contribution to climate change, including--
``(A) any financed emissions targets set by the 
company and whether they are aligned with global 
efforts to hold global warming as close to 1.5 degrees 
Celsius as possible;
``(B) their reliance on offsets to achieve those 
targets and the expected sources of those offsets;
``(C) amount of financing provided in the last year 
and committed to in future years to companies involved 
in fossil fuel expansion and any plans to phase out 
financing to companies involved in fossil fuel 
expansion; and
``(D) the projected effect of global failure to 
achieve the science-based emissions targets on the 
company's solvency, operations, and strategy, including 
the projected effect of 3 degrees Celsius or more of 
warming;
``(14) the company's involvement in projects that 
contribute to or mitigate disproportionate environmental harms 
to communities of color or indigenous peoples, or other forms 
of environmental racism, including--
``(A) bank activities, including financing, 
facilitation, and investment in oil and gas extraction, 
oil and gas refineries, petrochemical plants and 
pipeline projects located in low-income census tracts, 
majority-minority census tracts, or on indigenous 
lands, or for companies that build or operate these 
projects;
``(B) financing for deforestation and mining on 
indigenous lands anywhere in the world;
``(C) impact on indigenous people's rights of any 
nature-based offsets purchased by the company; and
``(D) any investments made or other actions taken 
by the company to address and mitigate previous 
financing of environmental racism, including but not 
limited to efforts made to secure Free Prior and 
Informed Consent; efforts made to compensate impacted 
individuals living in close proximity to financed oil 
and gas facilities or projects; and funds for site 
cleanup;
``(15) the company's investments in, partnerships with, and 
support provided to minority depository institutions and 
community development financial institutions;
``(16) the company's bank activities, including financing, 
facilitation and investments in, and use of artificial 
intelligence, including--
``(A) analysis of benefits and risks posed to 
consumers, shareholders, climate, the company's 
employees and the markets, generally, by such 
investments and use; and
``(B) how any such risks are identified and 
mitigated by the company, including predeployment 
testing, transparency reports, red teaming, or security 
stress testing;
``(17) any merger or acquisition that was completed in the 
previous year, including--
``(A) a description of how each merger or 
acquisition affected the company's size and complexity;
``(B) an account of the retail branch closures that 
resulted from the merger or acquisition;
``(C) a description of any regional markets that 
experienced a change in market concentration, as 
measured by the Herfindahl-Hirschman Index, resulting 
from the merger or acquisition;
``(D) a description of any regional markets that 
experienced a change in the company's regional share of 
deposits resulting from the merger or acquisition;
``(E) a list of Federal or State government 
agencies that approved the transaction; and
``(F) a description of any conditions placed by a 
Federal or State government agency on the company when 
the transaction was approved; and
``(18) a comparison of how the company's responses to 
paragraphs (1) through (16) have changed over the last 10 
years.
``(c) Public Availability of Reports.--The Board shall make the 
reports received under this section available to the public, including 
on the website of the Board.
``(d) Global Systemically Important Bank Holding Company Defined.--
In this section, the term `global systemically important bank holding 
company' means a global systemically important bank holding company, as 
such term is defined under section 217.402 of title 12, Code of Federal 
Regulations.''.
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