Congressman Al Green’s H.R. 3716 – the Systemic Risk Authority Transparency Act Passes the House of Representatives

February 3, 2026 Press Release (Washington DC)—On Monday, December 1, 2025, the U.S. House of Representatives passed Congressman Al Green’s H.R. 3716 – the Systemic Risk Authority Transparency Act . This bill requires banking regulators and the Government Accountability Office (GAO) to issue timely reports to Congress after a bank failure leading to a systemic risk determination by the Treasury Department, detailing what went wrong and why regulators took the actions they did. It mandates two detailed reports from each relevant entity to ensure transparency and help Congress improve the safety and soundness of similar institutions. You can access and listen to Congressman Al Green’s speech on his official YouTube page or by clicking here. The floor speech highlighted is also accessible on various social media platforms, including Bluesky, Facebook, Instagram , and X (formerly known as Twitter).