3.0.0 1803 2023-01-11T13:17:44Z 2023-01-11T13:17:44Z Senate S S 2009-10-20 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-10-20T18:38:29Z 2009-10-20 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-10-20 Sponsor introductory remarks on measure. (CR S10573) IntroReferral B00100 9 Library of Congress 2009-10-20 Introduced in Senate IntroReferral 10000 9 Library of Congress M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR N C001071 Sen. Corker, Bob [R-TN] Bob Corker R TN 2009-10-20 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2009-11-03 False A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN 2009-11-20 False Finance and Financial Sector Accounting and auditing Congressional oversight Credit and credit markets Federal Reserve System Government information and archives Finance and Financial Sector 00 2009-10-20 Introduced in Senate 2009-12-16T20:30:57Z Federal Reserve Accountability Act of 2009 - Authorizes the Comptroller General to conduct reviews of (including onsite examinations), and report to Congress on, the accounting, financial reporting, and internal controls of credit facilities established by the Board of Governors of the Federal Reserve System, or any Federal Reserve bank, including when such activities are implemented by or on behalf of the Board or any official of a Federal Reserve bank.

Defines "credit facilities" as: (1) the Money Market Investor Funding Facility; (2) the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility; (3) the Term Asset-Backed Securities Loan Facility; (4) the Primary Dealer Credit Facility; (5) the Commercial Paper Funding Facility; and (6) certain other credit facilities approved by the Board, as well as any special purpose vehicle through which any activity of such facilities is conducted.

Requires the Board to place on its home Internet website a link entitled "Audit" to a webpage that serves as a repository of public information for not less than six months following the release of the relevant information, including: (1) the reports prepared pursuant to this Act; (2) the annual financial statements prepared by an independent auditor for the Board; and (3) any other information the Board believes is necessary or helpful to the public in understanding its accounting, financial reporting, and internal controls as well as those of the Federal Reserve banks.

]]> Federal Reserve Accountability Act of 2009 Display Title Federal Reserve Accountability Act of 2009 Official Title as Introduced A bill to amend title 31, United States Code, to authorize reviews by the Comptroller General of the United States of emergency credit facilities established by the Board of Governors of the Federal Reserve System or any Federal Reserve bank, and for other purposes. Introduced in Senate IS Short Titles as Introduced Federal Reserve Accountability Act of 2009 Introduced in Senate 2009-10-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1803is/xml/BILLS-111s1803is.xml 2009-10-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN 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. Congressional Research Service, Library of Congress 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.