,,ii  #aaith ,,congress  #ast ,session  
,s4 #idj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #aa          
7legislative day1 ,march #aj71 #bjbe,mr4
 ,kennedy introduced the following bill2
 which was read twice and referred to   
the ,committee on ,banking1 ,housing1   
and ,urban ,affairs  ,a ,,bill  ,to     
require certain entities to submit to   
,congress information on the ,basel     
,committee on ,bank ,supervision1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,transparency in ,banking ,act4  #b4    
,basel ,committee on ,bank ,supervision 
7a7 ,in general ,the ,board of          
,governors of the ,federal ,reserve     
,system1 the ,federal ,reserve ,bank of 
,new ,york1 the ,office of the          
,comptroller of the ,currency1 and the  
,federal ,deposit ,insurance            
,corporation1 in consultation with the  
,secretary of the ,treasury1 shall--    
7#a7 not later than ,january #ca of each
 year1 jointly submit to ,congress1 and 

make available on the website of the    
,board of ,governors1 a report on the   
,basel ,committee on ,bank ,supervision1
 including the goals of the entities for
 the ,basel ,committee on ,bank         
,supervision meetings1 including-- 7,a7 
who from each entity will be attending  
the meetings2  7,b7 the various problems
 to be addressed2  7,c7 the various     
options likely to be considered2  7,d7  
the nature of the standards being       
considered for application in the       
,united ,states or affecting ,united    
,states persons or businesses2  7,e7    
what authority will be relied upon to   
implement the proposed standards2 and   
7,f7 the activities or proposed         
activities of all of the subcommittees  
that report to the ,basel ,committee on 
,bank ,supervision2 and  7#b7 not later 
than #cj days after the date of any     
significant change in the planned       
activities described in the report      
submitted under paragraph 7#a71 inform  
,congress of such changes1 including--  

7,a7 the meeting results2  7,b7 the     
economy in general2  7,c7 a summary of  
the minutes of the meeting that includes
 the proposed changes and a public      
record of votes or any other of the     
positions taken by members of the       
,committee2  7,d7 the description of any
 proposals being discussed at the       
meeting2 and  7,e7 the position taken by
 each of the ,united ,states            
representatives attending the meeting4  
7b7 ,testimony ,the ,chair and ,vice    
,chair for ,supervision of the ,board of
 ,governors of the ,federal ,reserve    
,system shall include in their annual   
testimony before the ,committee on      
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate and the ,committee on    
,financial ,services of the ,house of   
,representatives the details of the     
annual report required under subsection 
7a74