US HB7513

Global systemically important bank holding companies (GSIBs) must submit annual reports to the Federal Reserve Board describing their previous year's activities and next year's objectives and goals

Reports must detail company size, complexity, all subsidiaries, branch locations, enforcement actions, employees dismissed for misconduct, and number of consumers/employees/investors harmed by violations

Capital market activities disclosure required, including trading desk structure, inventory positions, Volcker Rule compliance methodology, and trading account profit/loss breakdowns by source

Compensation reporting mandated, including CEO-to-median-employee pay ratios, average pay by decile, minimum wage data, clawback policies, and any third-party vendor minimum wage requirements

Climate and environmental justice disclosures required, including financed emissions targets aligned with 1.5°C warming limits, fossil fuel financing amounts, and involvement in projects affecting communities of color, indigenous peoples, or indigenous lands

Federal Reserve Board must make all submitted reports publicly available on its website