,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #diff  ,,in ,,the ,,house ,,of  
,,representatives  ,october #ca1        
#bjai,ms4 ,pressley introduced the      
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require the chief        
executive officers of global            
systemically important bank holding     
companies to provide annual testimony to
 ,congress1 and for other purposes4  #a4
 ,short title ,this ,act may be cited as
 the ,greater ,supervision ,in ,banking 
,act of #bjai or the ,,gsib ,act of     
#bjai4  #b4 ,annual testimony of ,,gsib 
,c,e,os ,the ,bank ,holding ,company    
,act of #aief 7#ab ,u4,s4,c4 #ahda et   
seq47 is amended by adding at the end   
the following3  #ae4 ,annual testimony  
of ,,gsib ,c,e,os  7a7 ,annual report   
,each global systemically important bank
 holding company shall issue an annual  
report to the ,committee on ,banking1   
,housing1 and ,urban ,affairs of the    
,senate and the ,committee on ,financial

 ,services of the ,house of             
,representatives containing a           
description of the activities of the    
company during the previous year and a  
description of the company's objectives 
and goals for the following year4  7b7  
,specific contents ,each report required
 under subsection 7a7 shall include a   
description of-- 7#a7 the company's size
 and complexity1 including a listing of 
all company subsidiaries and their      
relationship to specified company       
business lines2  7#b7 the current rating
 of the company and each depository bank
 subsidiary of the company under        
,,camels or the ,,lfi ,ratings ,system1 
or any subsequent summary supervisory   
ratings system1 and1 if applicable1 a   
general description of any outstanding  
issues that have led to the downgrading 
of such a rating1 and how long such     
issues have been outstanding without    
being adequately addressed2  7#c7 with  
respect to each depository institution  
subsidiary of the company1 the number   

and geographic distribution of the      
branches of such subsidiary2  7#d7 any  
enforcement actions1 including any      
consent orders and settlements1 against 
the company 7including any affiliate or 
subsidiary of the company71 including   
enforcement actions related to labor and
 health and safety law violations 7in   
addition to consumer protection72  7#e7 
with respect to each enforcement action 
described under paragraph 7#c71 the     
total number of consumers or investors  
harmed by the conduct that was the basis
 for such enforcement action2  7#f7 the 
number of employees dismissed for       
misconduct1 and whether any such        
employees were company executives2  7#g7
 the company's capital market           
activities1 including with respect to   
securities 7including underwriting1     
trading1 and securitization7 and        
derivatives1 including--  7,a7 the      
trading desk structure of the company1  
identifying each desk and the           
instruments traded or held at each desk2

  7,b7 the average and standard         
deviation of a metric of inventory1     
constructed using data on individual    
trading desk positions1 for long        
securities positions1 short securities  
positions1 and derivatives1 at each     
individual trading desk for a quarterly 
period six months prior to the reporting
 date2 and  7,c7 how the company        
complies with restrictions under section
 #ac of the ,bank ,holding ,company ,act
 of #aief 7commonly referred to as the  
,volcker ,rule7 at each trading desk1   
including a general description of the  
methodology for determining reasonably  
expected near term customer demand and  
for designing compensation practices at 
the desk so as not to create incentives 
for proprietary trading2  7#h7 the      
extent to which the company utilizes    
forced arbitration clauses in contracts 
with consumers1 employees1 investors1   
and contractors2  7#i7 the company's    
compensation and clawback policies1     
including how these policies are        

designed to promote accountability of   
company executives and how the          
compensation of the chief executive     
officer and other senior executives     
compares to the median compensation of  
an employee of the company2  7#aj7 with 
respect to compensation paid by the     
company-- 7,a7 the average amount of    
compensation received by each decile of 
employees2 and  7,b7 a break down of the
 base pay and incentive pay for each    
decile1 including a descriptions of     
metrics1 sales goals1 or cross selling  
required to be met in order to qualify  
for the incentive or bonus pay2  7#aa7  
the diversity of the directors of the   
company's board and senior executives1  
the policies and practices implemented  
at the company to promote diversity and 
inclusion among the company's workforce1
 and the policies implemented by the    
company to promote the use of diverse   
contractors1 including diverse asset    
managers1 brokers and underwriters2     
7#ab7 the company's approach to         

cybersecurity and protecting consumer   
data2  7#ac7 the total number of        
whistleblower and ethics complaints made
 by employees through internal company  
protocols over the past year1 what      
issues were involved in the complaints1 
and what the resolutions of the         
complaints were2 and  7#ad7 a comparison
 of how the company's responses to      
paragraphs 7#a7 through 7#ac7 have      
changed over the last ten years4  7c7   
,testimony ,the chief executive officer 
of each global systemically important   
bank holding company shall appear before
 the ,committee on ,banking1 ,housing1  
and ,urban ,affairs of the ,senate and  
the ,committee on ,financial ,services  
of the ,house of ,representatives at an 
annual hearing to testify with respect  
to the contents of the report required  
under subsection 7a74  7d7 ,global      
systemically important bank holding     
company defined ,in this section1 the   
term global systemically important bank 
holding company means a global          

systemically important bank holding     
company1 as such term is defined under  
section #bag4djb of title #ab1 ,code of 
,federal ,regulations4  4