II 

118TH CONGRESS 

1ST SESSION S. 3446 

To require Federal banking agencies to report on interactions with 

nongovernmental international organizations, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

DECEMBER 7, 2023 

Mr. BRAUN (for himself, Mr. HAGERTY, and Mr. MARSHALL) introduced the 

following bill; which was read twice and referred to the Committee on 

Banking, Housing, and Urban Affairs 

A BILL 

To require Federal banking agencies to report on interactions 

with nongovernmental international organizations, and 

for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Banking Regulator 

5 International Reporting Act’’. 

6 SEC. 2. REPORTING ON INTERACTIONS WITH NONGOVERN7 MENTAL INTERNATIONAL ORGANIZATIONS. 

8 (a) BOARD OF GOVERNORS OF THE FEDERAL RE9 SERVE SYSTEM.—Section 10 of the Federal Reserve Act 


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1 (12 U.S.C. 247b) is amended by inserting after the tenth 

2 undesignated paragraph the following: 

3 ‘‘(11) REPORTING ON INTERACTIONS WITH

4 NONGOVERNMENTAL INTERNATIONAL ORGANIZA5 TIONS.—With respect to interactions between the 

6 Board of Governors of the Federal Reserve System 

7 and a nongovernmental international organization 

8 (including the Financial Stability Board, the Bank 

9 for International Settlements, the Network of Cen10 tral Banks and Supervisors for Greening the Finan11 cial System, and the Basel Committee on Banking 

12 Supervision), the Board of Governors shall— 

13 ‘‘(A) keep a complete record of all such 

14 interactions, including minutes of all meetings 

15 and any recommendations made during such 

16 interaction for international standardization 

17 with respect to open-market policies and oper18 ations, discount lending and operations (includ19 ing collateral policies), or supervisory policies 

20 and operations; and 

21 ‘‘(B) submit to the Committee on Banking, 

22 Housing, and Urban Affairs of the Senate and 

23 the Committee on Financial Services of the 

24 House of Representatives an annual report con25 taining— 


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1 ‘‘(i) all of the information recorded 

2 pursuant to subparagraph (A) with respect 

3 to the previous year; and 

4 ‘‘(ii) with respect to each nongovern5 mental international organization with 

6 which the Board of Governors had an 

7 interaction in the previous year, a descrip8 tion of the funding sources of the non9 governmental international organization.’’. 

10 (b) OFFICE OF THE COMPTROLLER OF THE CUR11 RENCY.—Section 324 of the Revised Statutes (12 U.S.C. 

12 1) is amended by adding at the end the following: 

13 ‘‘(c) REPORTING ON INTERACTIONS WITH NON14 GOVERNMENTAL INTERNATIONAL ORGANIZATIONS.— 

15 With respect to interactions between the Office of the 

16 Comptroller of the Currency and a nongovernmental inter17 national organization (including the Financial Stability 

18 Board, the Bank for International Settlements, the Net19 work of Central Banks and Supervisors for Greening the 

20 Financial System, and the Basel Committee on Banking 

21 Supervision), the Comptroller of the Currency shall— 

22 ‘‘(1) keep a complete record of all such inter23 actions, including minutes of all meetings and any 

24 recommendations made during such interaction for 

25 international standardization with respect to openVerDate Sep 11 2014 23:18 Dec 15, 2023 Jkt 049200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S3446.IS S3446

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1 market policies and operations, discount lending and 

2 operations (including collateral policies), or super3 visory policies and operations; and 

4 ‘‘(2) submit to the Committee on Banking, 

5 Housing, and Urban Affairs of the Senate and the 

6 Committee on Financial Services of the House of 

7 Representatives an annual report containing— 

8 ‘‘(A) all of the information recorded pursu9 ant to paragraph (1) with respect to the pre10 vious year; and 

11 ‘‘(B) with respect to each nongovernmental 

12 international organization with which the Office 

13 of the Comptroller of the Currency had an 

14 interaction in the previous year, a description of 

15 the funding sources of the nongovernmental 

16 international organization.’’. 

17 (c) FEDERAL DEPOSIT INSURANCE CORPORATION.— 

18 Section 2 of the Federal Deposit Insurance Act (12 U.S.C. 

19 1812) is amended by inserting after subsection (f) the fol20 lowing: 

21 ‘‘(g) REPORTING ON INTERACTIONS WITH NON22 GOVERNMENTAL INTERNATIONAL ORGANIZATIONS.— 

23 With respect to interactions between the Corporation and 

24 a nongovernmental international organization (including 

25 the Financial Stability Board, the Bank for International 


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1 Settlements, the Network of Central Banks and Super2 visors for Greening the Financial System, and the Basel 

3 Committee on Banking Supervision), the Board of Direc4 tors shall— 

5 ‘‘(1) keep a complete record of all such inter6 actions, including minutes of all meetings and any 

7 recommendations made during such interaction for 

8 international standardization with respect to open9 market policies and operations, discount lending and 

10 operations (including collateral policies), or super11 visory policies and operations; and 

12 ‘‘(2) submit to the Committee on Banking, 

13 Housing, and Urban Affairs of the Senate and the 

14 Committee on Financial Services of the House of 

15 Representatives an annual report containing— 

16 ‘‘(A) all of the information recorded pursu17 ant to paragraph (1) with respect to the pre18 vious year; and 

19 ‘‘(B) with respect to each nongovernmental 

20 international organization with which the Cor21 poration had an interaction in the previous 

22 year, a description of the funding sources of the 

23 nongovernmental international organization.’’. 


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1 (d) NATIONAL CREDIT UNION ADMINISTRATION.— 

2 Section 102 of the Federal Credit Union Act (12 U.S.C. 

3 1752a) is amended by adding at the end the following: 

4 ‘‘(g) REPORTING ON INTERACTIONS WITH NON5 GOVERNMENTAL INTERNATIONAL ORGANIZATIONS.— 

6 With respect to interactions between the Administration 

7 and a nongovernmental international organization (includ8 ing the Financial Stability Board, the Bank for Inter9 national Settlements, the Network of Central Banks and 

10 Supervisors for Greening the Financial System, and the 

11 Basel Committee on Banking Supervision), the Board 

12 shall— 

13 ‘‘(1) keep a complete record of all such inter14 actions, including minutes of all meetings and any 

15 recommendations made during such interaction for 

16 international standardization with respect to open17 market policies and operations, discount lending and 

18 operations (including collateral policies), or super19 visory policies and operations; and 

20 ‘‘(2) submit to the Committee on Banking, 

21 Housing, and Urban Affairs of the Senate and the 

22 Committee on Financial Services of the House of 

23 Representatives an annual report containing— 


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1 ‘‘(A) all of the information recorded pursu2 ant to paragraph (1) with respect to the pre3 vious year; and 

4 ‘‘(B) with respect to each nongovernmental 

5 international organization with which the Ad6 ministration had an interaction in the previous 

7 year, a description of the funding sources of the 

8 nongovernmental international organization.’’. 

9 (e) FEDERAL HOUSING FINANCE ADMINISTRA10 TION.—Section 1311 of the Federal Housing Enterprises 

11 Financial Safety and Soundness Act of 1992 (12 U.S.C. 

12 4511) is amended by adding at the end the following: 

13 ‘‘(d) REPORTING ON INTERACTIONS WITH NON14 GOVERNMENTAL INTERNATIONAL ORGANIZATIONS.— 

15 With respect to interactions between the Agency and a 

16 nongovernmental international organization (including the 

17 Financial Stability Board, the Bank for International Set18 tlements, the Network of Central Banks and Supervisors 

19 for Greening the Financial System, and the Basel Com20 mittee on Banking Supervision), the Director shall— 

21 ‘‘(1) keep a complete record of all such inter22 actions, including minutes of all meetings and any 

23 recommendations made during such interaction for 

24 international standardization with respect to open25 market policies and operations, discount lending and 


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1 operations (including collateral policies), or super2 visory policies and operations; and 

3 ‘‘(2) submit to the Committee on Banking, 

4 Housing, and Urban Affairs of the Senate and the 

5 Committee on Financial Services of the House of 

6 Representatives an annual report containing— 

7 ‘‘(A) all of the information recorded pursu8 ant to paragraph (1) with respect to the pre9 vious year; and 

10 ‘‘(B) with respect to each nongovernmental 

11 international organization with which the Fed12 eral Housing Finance Agency had an inter13 action in the previous year, a description of the 

14 funding sources of the nongovernmental inter15 national organization.’’. 

16 (f) SECURITIES AND EXCHANGE COMMISSION.—Sec17 tion 23 of the Securities Exchange Act of 1934 (15 U.S.C. 

18 78w) is amended by adding at the end the following: 

19 ‘‘(e) REPORTING ON INTERACTIONS WITH NON20 GOVERNMENTAL INTERNATIONAL ORGANIZATIONS.— 

21 With respect to interactions between the Commission and 

22 a nongovernmental international organization (including 

23 the Financial Stability Board, the Bank for International 

24 Settlements, the Network of Central Banks and Super25 visors for Greening the Financial System, and the Basel 


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1 Committee on Banking Supervision), the Commission 

2 shall— 

3 ‘‘(1) keep a complete record of all such inter4 actions, including minutes of all meetings and any 

5 recommendations made during such interaction for 

6 international standardization with respect to open7 market policies and operations, discount lending and 

8 operations (including collateral policies), or super9 visory policies and operations; and 

10 ‘‘(2) submit to the Committee on Banking, 

11 Housing, and Urban Affairs of the Senate and the 

12 Committee on Financial Services of the House of 

13 Representatives an annual report containing— 

14 ‘‘(A) all of the information recorded pursu15 ant to paragraph (1) with respect to the pre16 vious year; and 

17 ‘‘(B) with respect to each nongovernmental 

18 international organization with which the Com19 mission had an interaction in the previous year, 

20 a description of the funding sources of the non21 governmental international organization.’’. 

Æ 


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