I 
119TH CONGRESS 
1ST SESSION H. R. 3355 
To provide for additional requirements when Federal banking agencies under-
take rulemakings that implement policies of non-governmental inter-
national organizations, to require Federal banking agencies to report 
on certain covered international organizations, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 13, 2025 
Mr. LOUDERMILK introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To provide for additional requirements when Federal banking 
agencies undertake rulemakings that implement policies 
of non-governmental international organizations, to re-
quire Federal banking agencies to report on certain cov-
ered international organizations, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Ensuring U.S. Author-
ity over U.S. Banking Regulations Act’’. 
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SEC. 
2. 
REQUIREMENTS 
IN 
CONNECTION 
WITH 
RULEMAKINGS IMPLEMENTING POLICIES OF 
NON-GOVERNMENTAL INTERNATIONAL OR-
GANIZATIONS. 
(a) BOARD OF GOVERNORS OF THE FEDERAL RE-
SERVE SYSTEM.—Section 10 of the Federal Reserve Act 
(12 U.S.C. 247b) is amended by inserting before para-
graph (12) the following: 
‘‘(11) REQUIREMENTS
IN
CONNECTION
WITH 
RULEMAKINGS
IMPLEMENTING
POLICIES
OF
NON- 
GOVERNMENTAL INTERNATIONAL ORGANIZATIONS.— 
‘‘(A) IN
GENERAL.—The Board of Gov-
ernors of the Federal Reserve System may not 
propose or finalize a major covered rule unless, 
not later than 120 days before issuing such a 
proposed or final rule, the Board of Governors 
provides the Committee on Financial Services 
of the House of Representatives and the Com-
mittee on Banking, Housing, and Urban Affairs 
of the Senate with notice, testimony, and a de-
tailed economic analysis with respect to the pro-
posed or final rule, including projections of eco-
nomic costs, sectoral effects, and effects on the 
availability of credit, the gross domestic prod-
uct, and employment. 
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‘‘(B) MAJOR COVERED RULE DEFINED.— 
In this paragraph, the term ‘major covered rule’ 
means a rule— 
‘‘(i) that the Board of Governors de-
termines would have an effect, in the ag-
gregate, on the economy of the United 
States of $10,000,000,000 or more during 
the 10-year period beginning on the date 
the rule takes effect; and 
‘‘(ii) that is intended to align or con-
form with a recommendation from a non- 
governmental 
international 
organization 
(including the Financial Stability Board, 
the Bank for International Settlements, 
the Network of Central Banks and Super-
visors for Greening the Financial System, 
and the Basel Committee on Banking Su-
pervision).’’. 
(b) OFFICE OF THE COMPTROLLER OF THE CUR-
RENCY.—Section 324 of the Revised Statutes of the 
United States (12 U.S.C. 1) is amended by adding at the 
end the following: 
‘‘(c) 
REQUIREMENTS
IN
CONNECTION
WITH 
RULEMAKINGS IMPLEMENTING POLICIES OF NON-GOV-
ERNMENTAL INTERNATIONAL ORGANIZATIONS.— 
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