To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to monitor social media platforms for indicators of a bank run or financial panic, and for other purposes.
About This Bill
Committee
Latest Action · March 29, 2023
Referred to the House Committee on Financial Services.
Social Media Bank Run Act
This bill requires the Financial Stability Oversight Council to (1) monitor social media platforms for indications of potential bank runs or financial panics that could threaten the financial stability of the United States, and (2) report its findings to Congress.
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