summary
Introduced
01/10/2018
01/10/2018
In Committee
01/10/2018
01/10/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Federal Reserve Regulatory Oversight Act This bill amends the Federal Reserve Act to subject the nonmonetary policy-related administrative costs of the Federal Reserve Board to the congressional appropriations process.
AI Summary
This bill, the Federal Reserve Regulatory Oversight Act, amends the Federal Reserve Act to subject the non-monetary policy-related administrative costs of the Federal Reserve Board to the congressional appropriations process. Specifically, it requires the Federal Reserve Board and Federal Reserve banks to collect assessments and fees to recover the costs of the annual appropriation by Congress, and prohibits them from incurring obligations or paying expenses related to non-monetary policy administrative costs without an appropriations act. This will bring the Board's non-monetary policy functions, such as bank supervision and regulation, under congressional oversight through the appropriations process.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 01/10/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/4755/all-info |
| BillText | https://www.congress.gov/115/bills/hr4755/BILLS-115hr4755ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4755/BILLS-115hr4755ih.pdf.pdf |
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