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    <updateDate>2023-01-11T13:18:15Z</updateDate>
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    <introducedDate>2009-07-15</introducedDate>
    <congress>111</congress>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
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        <title>Federal Reserve Credit Facility Review Act of 2009</title>
        <congress>111</congress>
        <number>2424</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2009-05-14</actionDate>
          <text>Referred to the House Committee on Oversight and Government Reform.</text>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <text>Introduced in Senate</text>
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    <sponsors>
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        <fullName>Sen. Collins, Susan M. [R-ME]</fullName>
        <firstName>Susan</firstName>
        <lastName>Collins</lastName>
        <party>R</party>
        <state>ME</state>
        <middleName>M.</middleName>
        <isByRequest>N</isByRequest>
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        <fullName>Sen. Nelson, Ben [D-NE]</fullName>
        <firstName>E.</firstName>
        <lastName>Nelson</lastName>
        <party>D</party>
        <state>NE</state>
        <middleName>Benjamin</middleName>
        <sponsorshipDate>2009-07-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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      <legislativeSubjects>
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          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Business records</name>
        </item>
        <item>
          <name>Congressional oversight</name>
        </item>
        <item>
          <name>Credit and credit markets</name>
        </item>
        <item>
          <name>Federal Reserve System</name>
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        <item>
          <name>Financial crises and stabilization</name>
        </item>
        <item>
          <name>Financial services and investments</name>
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        <item>
          <name>Government studies and investigations</name>
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        <name>Finance and Financial Sector</name>
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        <actionDate>2009-07-15</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2009-10-14T23:05:22Z</updateDate>
        <text><![CDATA[ <p>Federal Reserve Credit Facility Review Act of 2009 - Authorizes the Comptroller General to conduct reviews and onsite examinations of: (1) any credit facility established by the Federal Reserve Board or any federal reserve bank; and (2) such credit facility's establishment as the lender of last resort (including providing credit under enhancements to traditional lending facilities and credit facilities).</p> <p>Cites the credit facilities to which this Act applies. Grants the Comptroller General access to all records and property of any such credit facility, including its officers, employees, contractors, and other agents and representatives.</p> <p>Sets forth the powers of the Comptroller to implement this Act.</p> <p>Requires the Comptroller General to report to Congress on each review conducted.</p> <p>Terminates such authorization five years after enactment of this Act.</p>]]></text>
      </summary>
    </summaries>
    <title>Federal Reserve Credit Facility Review Act of 2009</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Federal Reserve Credit Facility Review Act of 2009</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend title 31, United States Code, to authorize reviews by the Comptroller General of the United States of any credit facility established by the Board of Governors of the Federal Reserve System or any Federal reserve bank, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <title>Federal Reserve Credit Facility Review Act of 2009</title>
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        <type>Introduced in Senate</type>
        <date>2009-07-15T04:00:00Z</date>
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    <latestAction>
      <actionDate>2009-07-15</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <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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