MONARCH Act of 2025

House Bill

H.R. 4062

119th Congress

MONARCH Act of 2025

In Committee

Introduced:Aug 15, 2025

Primary Sponsor

Sean Casten

Representative

Democratic

IL-6

Cosponsors

6

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would require large banks and bank holding companies, including private ones, to have a chief risk officer responsible for monitoring risks and reporting any issues. It would also allow the Federal Reserve to require smaller banks to have risk committees and chief risk officers.

Latest Action

Referred to the House Committee on Financial Services.

SponsorSean Casten (D-IL)

Introduced8/15/2025

StatusReferred to the Committee on Natural Resources, and in addition to the Committee on Agriculture, for

ChamberHouse

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

MONARCH Act of 2025

This bill would require large banks and bank holding companies, including private ones, to have a chief risk officer responsible for monitoring risks and reporting any issues. It would also allow the Federal Reserve to require smaller banks to have risk commit

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would require large banks and bank holding companies, including private ones, to have a chief risk officer responsible for monitoring risks and reporting any issues. It would also allow the Federal Reserve to require smaller banks to have risk committees and chief risk officers.

Bill Number: 4062
Sponsor: Sean Casten (D-IL)
Introduced: 8/15/2025
Status: Referred to the Committee on Natural Resources, and in addition to the Committee on Agriculture, for
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: MONARCH Act of 2025
Bill Number: 4062
Sponsor: Sean Casten (D-IL)
Status: Referred to the Committee on Natural Resources, and in addition to the Committee on Agriculture, for
Introduced: 8/15/2025
Summary: This bill would require large banks and bank holding companies, including private ones, to have a chief risk officer responsible for monitoring risks and reporting any issues. It would also allow the Federal Reserve to require smaller banks to have risk committees and chief risk officers.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would require large banks and bank holding companies, including private ones, to have a chief risk officer responsible for monitoring risks and reporting any issues. It would also allow the Federal Reserve to require smaller banks to have risk committees and chief risk officers.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Chief Risk Officer Enforcement and Accountability Act This bill provides statutory authority for requiring large bank holding companies to appoint a chief risk officer and expands which companies must establish a risk committee and appoint a chief risk officer. Currently, only large bank holding companies that are public companies are required to establish risk committees and, by regulation, have chief risk officers. Under the bill, risk committees and chief risk officers are also required for (1) privately-held large bank holding companies, and (2) large banks that do not have a holding company. Further, the Federal Reserve Board is allowed to require smaller bank holding companies to establish a risk committee and appoint a chief risk officer. Currently, the board is allowed to require smaller bank companies that are public companies establish risk committees. Chief risk officers are responsible for the establishment of risk limits, monitoring compliance, and reporting any deficiencies to the risk committee.

Key Points

Main provisions of the bill

Requires large banks and bank holding companies, including private ones, to have a chief risk officer
Chief risk officers are responsible for establishing risk limits, monitoring compliance, and reporting deficiencies to the risk committee
Allows the Federal Reserve to require smaller banks to have risk committees and chief risk officers

How This Impacts Americans

Potential effects on citizens and communities

This bill would affect large banks and bank holding companies as well as smaller banks that could be required to appoint chief risk officers. The goal is to improve risk management and oversight in the banking sector to prevent future financial crises.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4062, 119th Congress (2025). "MONARCH Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4062

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.

Related Bills in Finance and Financial Sector

HR 2225

Access to Small Business Investor Capital Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban A

S 1381

Protecting Employees and Retirees in Business Bankruptcies Act of 2025

Read twice and referred to the Committee on the Judiciary. (text: CR S2523-2527: 2)

S 780

SAFE Lending Act of 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR 2152

AI PLAN Act

Referred to the House Committee on Financial Services.