US HB1910

Amends the Financial Stability Act of 2010 to require certain large banking institutions to appoint a Chief Risk Officer (CRO) with experience managing risk exposures at large, complex financial firms

CRO must report directly to both the company's risk committee and CEO, with responsibility for establishing enterprise-wide risk limits, implementing risk-management policies, and reporting deficiencies and emerging risks

Removes the requirement that covered institutions be publicly traded companies, expanding the CRO mandate to both public and private large financial institutions

Requires banks without a holding company that have $50 billion or more in total consolidated assets to establish a risk committee and appoint a CRO

Imposes strict vacancy notification requirements: companies must notify regulators within 24 hours of a CRO vacancy and submit a hiring plan within 7 days; if unfilled after 60 days, the company must publicly disclose the vacancy and is prohibited from growing its total assets until the position is filled