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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
      House Committee on Agriculture
      General Farm Commodities and Risk Management
    IntroducedJune 4th, 2009

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
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Title

Financial Transparency Restoration Act

Official Title

To provide for the implementation of a system under which each financial institution will report on the financial condition of the institution to the public, and for other purposes.

Summary

Financial Transparency Restoration Act - Requires each financial institution to publish, within 30 days after the end of each fiscal quarter, a statement of its financial condition in a newspaper of general paid circulation published in a city or county within each of its market areas. Requires such financial statements to include a written verification of the accuracy of the statement, under oath or by affirmation, by the president of the financial institution or another officer designated by its board of directors.

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