118th Congress Finance and Financial Sector
H.R. 7691: To require the Chairperson of the Financial Stability Oversight Council to provide contingency plans for a disruption in the timing of payment on Treasury securities, and for other purposes.
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires the Financial Stability Oversight Council to report to Congress on the council’s contingency plans in the case of a disruption of Treasury securities payments. This includes disruptions due to systems failures, cyberattacks, natural disasters, terrorist attacks, and reaching the U.S. debt limit. The council must make recommendations for strategies to deal with delayed payments.
Written by the Congressional Research Service, Library of Congress.
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Other bills by Byron Donalds
History
- Introduced in the House by Byron Donalds.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.