Requires the Financial Stability Oversight Council to report to Congress on the council’s contingency plans in the case of a disruption of…
Official title: 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.
This bill died when its Congress ended.
Bills don't carry over between Congresses. Without re-introduction in a new session, it cannot advance.
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.
Filed in the House
This house bill has been filed and is working its way through Congress. It will need to pass both the House and the Senate, then be signed by the President to become law.
Who introduced this
Byron Donalds
RepublicanU.S. Representative · FL-19
Introduced solo — no cosponsors joined.
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