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    <number>1354</number>
    <updateDate>2023-01-11T13:18:35Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:18:35Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2009-06-25</introducedDate>
    <congress>111</congress>
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        <systemCode>ssga00</systemCode>
        <name>Homeland Security and Governmental Affairs Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2009-06-25T17:51:16Z</date>
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    <relatedBills>
      <item>
        <title>Improved Financial and Commodity Markets Oversight and Accountability Act</title>
        <congress>111</congress>
        <number>885</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2010-03-16</actionDate>
          <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 320.</text>
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            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2009-06-25</actionDate>
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            <name>Homeland Security and Governmental Affairs Committee</name>
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        <text>Read twice and referred to the Committee on Homeland Security and Governmental Affairs.</text>
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      <item>
        <actionDate>2009-06-25</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>M000639</bioguideId>
        <fullName>Sen. Menendez, Robert [D-NJ]</fullName>
        <firstName>Robert</firstName>
        <lastName>Menendez</lastName>
        <party>D</party>
        <state>NJ</state>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Commodity Futures Trading Commission</name>
        </item>
        <item>
          <name>Congressional oversight</name>
        </item>
        <item>
          <name>Federal Reserve System</name>
        </item>
        <item>
          <name>Federal officials</name>
        </item>
        <item>
          <name>Government studies and investigations</name>
        </item>
        <item>
          <name>National Credit Union Administration</name>
        </item>
        <item>
          <name>Pension Benefit Guaranty Corporation</name>
        </item>
        <item>
          <name>Securities and Exchange Commission (SEC)</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2009-06-25</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2009-09-29T19:40:54Z</updateDate>
        <text><![CDATA[ <p>Improved Financial and Commodity Markets Oversight and Accountability Act - Amends the Inspector General Act of 1978 to include the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission (CFTC), the National Credit Union Administration (NCUA), the Pension Benefit Guaranty Corporation (PBGC), and the Securities and Exchange Commission (SEC) as establishments the Inspector Generals of which shall be appointed by the President.</p> <p> Applies existing pay requirements under the Inspector General Reform Act of 2008 to the Inspectors General of such entities. Permits such Inspectors General to select, appoint, and employ such officers and employees as necessary and to obtain services of experts or consultants.</p> <p>Authorizes such Inspectors General to subpoena records and testimony necessary in the performance of their assigned functions.</p> <p>Requires the heads of those entities to: (1) take action to address deficiencies identified by their Inspector General; or (2) certify to both houses of Congress that no action is necessary or appropriate.</p>]]></text>
      </summary>
    </summaries>
    <title>Improved Financial and Commodity Markets Oversight and Accountability Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Improved Financial and Commodity Markets Oversight and Accountability Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to elevate the Inspector General of certain Federal entities to an Inspector General appointed pursuant to section 3 of the Inspector General Act of 1978.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Improved Financial and Commodity Markets Oversight and Accountability Act</title>
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        <type>Introduced in Senate</type>
        <date>2009-06-25T04:00:00Z</date>
        <formats>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-111s1354is/xml/BILLS-111s1354is.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2009-06-25</actionDate>
      <text>Read twice and referred to the Committee on Homeland Security and Governmental Affairs.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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