,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #diff  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #ca1 #bjai,ms4
 ,pressley introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,f9ancial   
,s]vices  ,a ,,bill  ,to require ! *ief 
executive (fic]s ( global sy/emically   
important bank hold+ companies to       
provide annual te/imony to ,congress1 & 
= o!r purposes4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,great] ,sup]vision
 ,9 ,bank+ ,act ( #bjai or ! ,,gsib ,act
 ( #bjai4  #b4 ,annual te/imony ( ,,gsib
 ,c,e,os ,! ,bank ,hold+ ,company ,act (
 #aief 7#ab ,u4,s4,c4 #ahda et seq47 is 
am5d$ by add+ at ! end ! foll[+3  #ae4  
,annual te/imony ( ,,gsib ,c,e,os  7a7  
,annual report ,ea* global sy/emically  
important bank hold+ company %all issue 
an annual report to ! ,committee on     
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate & ! ,committee on ,f9ancial      
,s]vices ( ! ,h\se ( ,repres5tatives    
conta9+ a description ( ! activities ( !
 company dur+ ! previ\s ye> & a         

description ( ! company's objectives &  
goals = ! foll[+ ye>4  7b7 ,specific    
cont5ts ,ea* report requir$ "u          
subsection 7a7 %all include a           
description (-- 7#a7 ! company's size & 
complexity1 includ+ a li/+ ( all company
 subsidi>ies & _! relation%ip to        
specifi$ company bus9ess l9es2  7#b7 !  
curr5t rat+ ( ! company & ea* depository
 bank subsidi>y ( ! company "u ,,camels 
or ! ,,lfi ,rat+s ,sy/em1 or any        
subsequ5t summ>y sup]visory rat+s sy/em1
 &1 if applicable1 a g5]al description (
 any out/&+ issues t h l$ to ! d[ngrad+ 
( su* a rat+1 & h[ long su* issues h be5
 out/&+ )\t be+ adequately address$2    
7#c7 ) respect to ea* depository        
in/itution subsidi>y ( ! company1 !     
numb] & geographic di/ribution ( !      
bran*es ( su* subsidi>y2  7#d7 any      
en=cem5t actions1 includ+ any cons5t    
ord]s & settlem5ts1 aga9/ ! company     
7includ+ any affiliate or subsidi>y ( ! 
company71 includ+ en=cem5t actions      
relat$ to labor & heal? & safety law    

violations 79 addition to consum]       
protection72  7#e7 ) respect to ea*     
en=cem5t action describ$ "u p>agraph    
7#c71 ! total numb] ( consum]s or       
inve/ors h>m$ by ! conduct t 0 ! basis =
 su* en=cem5t action2  7#f7 ! numb] (   
employees dismiss$ = misconduct1 & :e!r 
any su* employees 7 company executives2 
7#g7 ! company's capital m>ket          
activities1 includ+ ) respect to        
securities 7includ+ und]writ+1 trad+1 & 
securitization7 & d]ivatives1 includ+-- 
7,a7 ! trad+ desk /ructure ( ! company1 
id5tify+ ea* desk & ! in/rum5ts trad$ or
 held at ea* desk2  7,b7 ! av]age & /&>d
 deviation ( a metric ( inv5tory1       
con/ruct$ us+ data on individual trad+  
desk positions1 = long securities       
positions1 %ort securities positions1 & 
d]ivatives1 at ea* individual trad+ desk
 = a qu>t]ly p]iod six mon?s prior to ! 
report+ date2 &  7,c7 h[ ! company      
complies ) re/rictions "u section #ac ( 
! ,bank ,hold+ ,company ,act ( #aief    
7commonly ref]r$ to z ! ,volck] ,rule7  

at ea* trad+ desk1 includ+ a g5]al      
description ( ! me?odology = det]m9+    
reasonably expect$ ne> t]m cu/om] dem& &
 = design+ comp5sation practices at !   
desk s z n to create inc5tives =        
propriet>y trad+2  7#h7 ! ext5t to :i* !
 company utilizes =c$ arbitration       
clauses 9 contracts ) consum]s1         
employees1 inve/ors1 & contractors2     
7#i7 ! company's comp5sation & clawback 
policies1 includ+ h[ ^! policies are    
design$ to promote acc\ntability (      
company executives & h[ ! comp5sation ( 
! *ief executive (fic] & o!r s5ior      
executives comp>es to ! m$ian           
comp5sation ( an employee ( ! company2  
7#aj7 ) respect to comp5sation paid by !
 company-- 7,a7 ! av]age am\nt (        
comp5sation receiv$ by ea* decile (     
employees2 &  7,b7 a break d[n ( ! base 
pay & inc5tive pay = ea* decile1 includ+
 a descriptions ( metrics1 sales goals1 
or cross sell+ requir$ to be met 9 ord] 
to qualify = ! inc5tive or bonus pay2   
7#aa7 ! div]sity ( ! directors ( !      

company's bo>d & s5ior executives1 !    
policies & practices implem5t$ at !     
company to promote div]sity & inclusion 
among ! company's work=ce1 & ! policies 
implem5t$ by ! company to promote ! use 
( div]se contractors1 includ+ div]se    
asset manag]s1 brok]s & und]writ]s2     
7#ab7 ! company's approa* to            
cyb]security & protect+ consum] data2   
7#ac7 ! total numb] ( :i/lebl[] & e?ics 
compla9ts made by employees ?r\gh       
int]nal company protocols ov] ! pa/ ye>1
 :at issues 7 involv$ 9 ! compla9ts1 &  
:at ! resolutions ( ! compla9ts 72 &    
7#ad7 a comp>ison ( h[ ! company's      
responses to p>agraphs 7#a7 ?r\gh 7#ac7 
h *ang$ ov] ! la/ t5 ye>s4  7c7         
,te/imony ,! *ief executive (fic] ( ea* 
global sy/emically important bank hold+ 
company %all appe> be=e ! ,committee on 
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate & ! ,committee on ,f9ancial      
,s]vices ( ! ,h\se ( ,repres5tatives at 
an annual he>+ to te/ify ) respect to ! 
cont5ts ( ! report requir$ "u subsection

 7a74  7d7 ,global sy/emically important
 bank hold+ company def9$ ,9 ?is        
section1 ! t]m global sy/emically       
important bank hold+ company means a    
global sy/emically important bank hold+ 
company1 z su* t]m is def9$ "u section  
#bag4djb ( title #ab1 ,code ( ,f$]al    
,regulations4  4