Honor Farmer Contracts Act

House Bill

H.R. 2396

119th Congress

Honor Farmer Contracts Act

In Committee

Introduced:Jun 11, 2025

Primary Sponsor

Gabe Vasquez

Representative

Democratic

NM-2

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The 'Social Media Bank Run Act' would require the government to monitor social media platforms for signs of potential bank runs or financial crises that could threaten the overall stability of the U.S. financial system. If issues are detected, the government would have to report its findings to Congress.

Latest Action

Referred to the House Committee on Financial Services.

SponsorGabe Vasquez (D-NM)

Introduced6/11/2025

StatusReferred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

ChamberHouse

Data from Congress.gov

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Vote Prediction

Honor Farmer Contracts Act

The 'Social Media Bank Run Act' would require the government to monitor social media platforms for signs of potential bank runs or financial crises that could threaten the overall stability of the U.S. financial system. If issues are detected, the government w

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The 'Social Media Bank Run Act' would require the government to monitor social media platforms for signs of potential bank runs or financial crises that could threaten the overall stability of the U.S. financial system. If issues are detected, the government would have to report its findings to Congress.

Bill Number: 2396
Sponsor: Gabe Vasquez (D-NM)
Introduced: 6/11/2025
Status: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Honor Farmer Contracts Act
Bill Number: 2396
Sponsor: Gabe Vasquez (D-NM)
Status: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Introduced: 6/11/2025
Summary: The 'Social Media Bank Run Act' would require the government to monitor social media platforms for signs of potential bank runs or financial crises that could threaten the overall stability of the U.S. financial system. If issues are detected, the government would have to report its findings to Cong

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The 'Social Media Bank Run Act' would require the government to monitor social media platforms for signs of potential bank runs or financial crises that could threaten the overall stability of the U.S. financial system. If issues are detected, the government would have to report its findings to Congress.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

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.

Key Points

Main provisions of the bill

The bill tasks the Financial Stability Oversight Council with monitoring social media platforms for indications of bank runs or financial panics that could disrupt the broader economy.
The council must report its findings to Congress if it detects potential threats to financial stability.
The goal is to provide early warning of social media-driven bank runs or financial crises so the government can take action to prevent broader economic disruption.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily impact major banks, financial institutions, and federal regulatory agencies. If implemented, it could help the government identify and respond to social media-fueled financial crises before they cause widespread harm to everyday Americans' jobs, savings, and economic well-being.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2396, 119th Congress (2025). "Honor Farmer Contracts Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-2396

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