Congressman Al Green’s H.R. 3716 – the Systemic Risk Authority Transparency Act – Passes the House of Representatives as part of H.R. 6644 – the Housing for the 21st Century Act

(Washington, DC) -On Monday, February 9, 2026, the U.S. House of Representatives passed H.R. 6644 - the Housing for the 21^st Century Act, which contains Congressman Al Green's H.R. 3716 - the Systemic Risk Authority Act, which had previously been passed by the House of Representatives on December 1, 2025. You can access and listen to Congressman Al Green's speech regarding this legislation on his official YouTube page or by clicking here.

This bill directs banking regulators and the Government Accountability Office (GAO) to provide prompt reports to Congress whenever a bank failure results in the event of the Treasury Department declaring a systemic risk exception. These reports must explain the causes of the failure and outline the regulatory decisions that followed. The bill requires two comprehensive reports from each agency responsible for strengthening transparency and gives Congress the information it needs to better safeguard the stability and resilience of similar institutions.

Congressman Al Green stated, "I proudly voted to pass this legislation to bring transparency and accountability when banks fail and threaten our economy. When failures threaten financial stability, Congress and the public deserve quick, honest explanations about what went wrong and how regulators responded. These reports will help us detect problems sooner and protect families, workers, and communities from future financial harm."