summary
Introduced
01/10/2018
01/10/2018
In Committee
01/12/2018
01/12/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Federal Reserve Disclosure Act This bill amends the Federal Reserve Act to apply personal financial interest restrictions and disclosures currently applicable to employees of the Securities and Exchange Commission to members and employees of the Federal Reserve Board (FRB). The bill also provides for office staff for FRB members.
AI Summary
This bill, the Federal Reserve Disclosure Act, amends the Federal Reserve Act to apply the same personal financial interest restrictions and disclosure requirements that currently apply to employees of the Securities and Exchange Commission to members and employees of the Federal Reserve Board (FRB). It also requires the FRB to publicly disclose the names, salaries, and any non-salary compensation of FRB members, officers, and employees who receive an annual salary exceeding the pay grade of GS-15 in the General Schedule. Additionally, the bill allows each FRB member to employ at least two individuals, with the member selecting the individuals and setting their salaries, and permits the employment of additional individuals as determined necessary by the FRB.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 01/12/2018)
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/4791/all-info |
| BillText | https://www.congress.gov/115/bills/hr4791/BILLS-115hr4791ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4791/BILLS-115hr4791ih.pdf.pdf |
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