,i #aaith ,,congress #b;d ,session ,h4 ,r4 #geac ,,in ,,the ,,house ,,of ,,representatives ,february #aa1 #bjbf ,ms4 ,pressley 7for herself1 ,mr4 ,green of ,texas1 and ,ms4 ,tlaib7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to require the global systemically important bank holding companies to provide annual reports to the ,board of ,governors of the ,federal ,reserve ,system1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,greater ,supervision ,in ,banking ,act of #bjbf or the ,,gsib ,act of #bjbf4 #b4 ,,gsib annual reports ,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 ,,gsib annual reports 7a7 ,annual report ,each global systemically important bank holding company shall issue an annual report to the ,board 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 with respect to each depository institution subsidiary of the company1 the number and geographic distribution of the branches of such subsidiary2 7#c7 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#d7 with respect to each enforcement action described under paragraph 7#c71 the total number of consumers1 employees1 or investors harmed by the conduct that was the basis for such enforcement action2 7#e7 the number of employees dismissed for misconduct1 and whether any such employees were company executives2 7#f7 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 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,d7 the total profit or loss attributed to the company's trading account1 including a breakdown of profit earned on fees1 commissions1 and spreads1 and a description of the source of trading account profit or loss that cannot be attributed to fees1 commissions1 and spreads2 and 7,e7 a description of shareholder rights in the jurisdiction of incorporation and in relevant charter and bylaw provisions1 including the-- 7i7 ability and any restrictions to bring shareholder derivative claims1 file shareholder proposals1 and make books and records requests2 7ii7 scrutiny conflicted transactions face and any cleansing mechanisms2 7iii7 standards for determining whether directors are independent and whether large shareholders are controlling shareholders2 and 7iv7 ability to have shareholder contracts that bestow governance rights and any such existing contracts2 7#g7 the extent to which the company utilizes forced arbitration clauses in contracts with consumers1 employees1 investors1 and contractors2 7#h7 the company's compensation and clawback policies1 including-- 7,a7 how these policies are designed to promote accountability of company executives2 7,b7 how the compensation of the chief executive officer and other senior executives compares to the median compensation of an employee of the company2 and 7,c7 a detailed description of any stipulation that third-party vendor of the company pays its employees a minimum wage2 7#i7 with respect to compensation paid by the company-- 7,a7 the average amount of compensation received by each decile of employees2 7,b7 a break down of the base pay and incentive pay for each decile1 including a description of metrics1 sales goals1 or cross selling required to be met in order to qualify for the incentive or bonus pay2 7,c7 the minimum wage received by employees2 and 7,d7 the number of employees who receive the minimum wage2 7#aj7 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 brokers1 and underwriters2 7#aa7 the company's approach to cybersecurity and protecting consumer data2 7#ab7 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 7#ac7 the company's actions taken in relation to climate risk and contribution to climate change1 including-- 7,a7 any financed emissions targets set by the company and whether they are aligned with global efforts to hold global warming as close to #a4e degrees ,celsius as possible2 7,b7 their reliance on offsets to achieve those targets and the expected sources of those offsets2 7,c7 amount of financing provided in the last year and committed to in future years to companies involved in fossil fuel expansion and any plans to phase out financing to companies involved in fossil fuel expansion2 and 7,d7 the projected effect of global failure to achieve the science-based emissions targets on the company's solvency1 operations1 and strategy1 including the projected effect of #c degrees ,celsius or more of warming2 7#ad7 the company's involvement in projects that contribute to or mitigate disproportionate environmental harms to communities of color or indigenous peoples1 or other forms of environmental racism1 including-- 7,a7 bank activities1 including financing1 facilitation1 and investment in oil and gas extraction1 oil and gas refineries1 petrochemical plants and pipeline projects located in low-income census tracts1 majority-minority census tracts1 or on indigenous lands1 or for companies that build or operate these projects2 7,b7 financing for deforestation and mining on indigenous lands anywhere in the world2 7,c7 impact on indigenous people's rights of any nature-based offsets purchased by the company2 and 7,d7 any investments made or other actions taken by the company to address and mitigate previous financing of environmental racism1 including but not limited to efforts made to secure ,free ,prior and ,informed ,consent2 efforts made to compensate impacted individuals living in close proximity to financed oil and gas facilities or projects2 and funds for site cleanup2 7#ae7 the company's investments in1 partnerships with1 and support provided to minority depository institutions and community development financial institutions2 7#af7 the company's bank activities1 including financing1 facilitation and investments in1 and use of artificial intelligence1 including-- 7,a7 analysis of benefits and risks posed to consumers1 shareholders1 climate1 the company's employees and the markets1 generally1 by such investments and use2 and 7,b7 how any such risks are identified and mitigated by the company1 including predeployment testing1 transparency reports1 red teaming1 or security stress testing2 7#ag7 any merger or acquisition that was completed in the previous year1 including-- 7,a7 a description of how each merger or acquisition affected the company's size and complexity2 7,b7 an account of the retail branch closures that resulted from the merger or acquisition2 7,c7 a description of any regional markets that experienced a change in market concentration1 as measured by the ,herfindahl-,hirschman ,index1 resulting from the merger or acquisition2 7,d7 a description of any regional markets that experienced a change in the company's regional share of deposits resulting from the merger or acquisition2 7,e7 a list of ,federal or ,state government agencies that approved the transaction2 and 7,f7 a description of any conditions placed by a ,federal or ,state government agency on the company when the transaction was approved2 and 7#ah7 a comparison of how the company's responses to paragraphs 7#a7 through 7#af7 have changed over the last #aj years4 7c7 ,public availability of reports ,the ,board shall make the reports received under this section available to the public1 including on the website of the ,board4 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