HR. 1910In Committee
Chief Risk Officer Enforcement and Accountability Act
Expands bank risk governance requirements by requiring more large financial companies to maintain risk committees and chief risk officers, with vacancy reporting and asset cap consequences
Plain-English overview
What this bill does
Expands bank risk governance requirements by requiring more large financial companies to maintain risk committees and chief risk officers, with vacancy reporting and asset cap consequences
Key points
- Require risk committees
- Require chief risk officers
- Require vacancy reporting
- Limit assets during vacancies
Current status
Where it stands
Status
In Committee
Latest action
2025-03-06 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedFinance and Financial Sector