Civil Investigative Demand Reform Act of 2024
Latest Action
Referred to the House Committee on Financial Services.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Civil Investigative Demand Reform Act of 2024 (H.R. 10036) is a legislative proposal introduced in the 118th Congress aimed at reforming the use of civil investigative demands within the financial sector. The bill was referred to the House Committee on Financial Services but did not advance further and ultimately failed or expired. Specific details about the bill's provisions, including its text and official summary, are not publicly available. The bill falls under the policy area of Finance and Financial Sector and appears to focus on procedural or regulatory changes related to civil investigative demands, which are tools used by government agencies to obtain information during investigations.
H.R. 10036 sought to reform civil investigative demand processes in the financial sector but did not progress beyond committee referral and expired without enactment.
- The bill was introduced in the House during the 118th Congress and referred to the House Committee on Financial Services.
- No official summary or full text is publicly available, limiting detailed analysis of its provisions.
- The bill is categorized under Finance and Financial Sector policy but ultimately failed or expired without further legislative action.
['Financial institutions and entities subject to civil investigative demands may benefit from procedural reforms if enacted.', 'Government agencies involved in financial investigations could be affected by changes to investigative demand processes.']
['Lack of publicly available text and summary limits understanding of implementation requirements and costs.', 'Unclear authority or oversight mechanisms due to missing bill details.', 'Potential tradeoffs between investigative efficiency and protections for entities subject to demands cannot be assessed.']
The bill was introduced and referred to the House Committee on Financial Services during the 118th Congress but did not advance beyond this stage. Its failure or expiration suggests it did not receive sufficient legislative support or priority. The absence of a public summary or text indicates limited transparency or dissemination of the bill's content during the legislative process.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['If enacted, reforms to civil investigative demands could alter the balance between regulatory oversight and compliance burden in the financial sector.', 'Changes might influence the speed and scope of government investigations, potentially affecting enforcement outcomes.', 'Financial institutions might adjust internal compliance practices in response to altered investigative procedures.']
The absence of publicly available bill text and an official summary limits transparency and hinders comprehensive oversight. This lack of information restricts the ability of stakeholders and the public to fully understand the bill's intent, scope, and potential consequences. Future legislative proposals would benefit from timely and complete disclosure of bill content to support informed analysis and accountability.
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