Andy Barr U.S. House of Representatives from Kentucky's 6th district | Official U.S. House Headshot
Andy Barr U.S. House of Representatives from Kentucky's 6th district | Official U.S. House Headshot
Washington, DC - Today, Congressman Andy Barr (KY-06) introduced the Congressional Banking Regulation Priorities and Accountability Act of 2024. The legislation mandates enhanced consultation by Federal financial regulatory agencies with Congress and the public regarding their engagement with international organizations. The Act aims to protect U.S. sovereignty and strengthen congressional oversight of federal financial regulators by improving accountability and transparency concerning the impact of international organization membership, engagement, and participation on U.S. laws, rules, and regulations.
"Protecting the sovereignty of the United States and ensuring transparency in how Federal financial agencies operate on the global stage is crucial," said Rep. Andy Barr. "This legislation enhances Congress's ability to oversee these agencies' participation in international organizations, making certain that their actions align with the best interests of our economy and national security. By increasing accountability, we are putting the American people first and ensuring that our financial regulations remain strong, fair, and focused on promoting U.S. economic growth and stability."
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