FEDERAL RESERVE SYSTEM

Amendments

Financial Stability Oversight Council: strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 1315), H5328, H5329, H5330, H5333, H5334, H5335, H5336, H5337, H5338, H5340, H5341 [21JY]

Articles and editorials

Card Game—How Visa, Using Card Fees, Dominates a Market, S1569 [10MR]

House GOP Targets Consumer Protection Bureau With CR, H1136 [17FE]

Never Mind the Lobbyists, Durbin Amendment Helps Small Banks, S1571 [10MR]

Bills and resolutions

Board of Governors: abolish and repeal Federal Reserve Act (see H.R. 1094), H1841 [15MR]

———alter terms and conditions applicable to members (see H.R. 1401), H2410 [6AP]

Consumer Financial Protection Bureau: bring into the regular appropriations process (see H.R. 1640), H2912 [15AP]

———move into the Dept. of the Treasury (see H.R. 557), H550 [8FE] (see H.R. 1355), H2291 [4AP]

———postpone date for transfer of functions if the Bureau does not have a Director in place (see H.R. 1667), H2933 [2MY]

———repeal authority to prohibit certain acts or practices (see H.R. 2612), H5373 [21JY]

———replace the Director with a 5-person commission and bring the Bureau into the regular appropriations process (see S. 737), S2187 [6AP]

———replace the Director with a five person commission (see H.R. 1121), H1905 [16MR]

———replace the Director with the Chairman of the Board of Governors of the FRS as a member of the Board of Directors of the FDIC (see H.R. 2081), H3869 (see H.R. 2081), H3909 [1JN]

Economy: define a value for the dollar to stimulate the economy and provide for a sound U.S. dollar (see H.R. 1638), H2912 [15AP]

———modernize and reform monetary system and restore exclusive and sovereign authority of U.S. Government to create and regulate money to rebuild the economy (see H.R. 2990), H6341 [21SE]

———remove mandate on the Board of Governors and the Federal Open Market Committee to focus on maximum employment (see H.R. 245), H135 [7JA]

Federal Open Market Committee: replace members representing the Federal Reserve banks with additional members appointed by the President (see H.R. 3428), H7626 [15NO]

Federal-State relations: prohibit taxpayer bailouts of fiscally irresponsible State and local governments (see S. 251), S411 [1FE]

Financial institutions: increase transaction limits on passbook savings, statement savings, and money market deposit accounts (see H.R. 2251), H4363 [21JN]

———remove representatives of the Federal Reserve banks from membership on the Federal Open Market Committee (see H.R. 1512), H2664 [13AP]

———repeal certain debit card interchange price controls and restore balance to the electronic payments system (see H.R. 3156), H6853 [12OC]

———study the market and appropriate regulatory structure for electronic debit card transactions (see S. 575), S1676 [15MR]

Financial Stability Oversight Council: strengthen review authority of regulations issued by Consumer Financial Protection Bureau (see H.R. 1315), H2265 [1AP]

———strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 1315), consideration (see H. Res. 358), H5284 [20JY]

GAO: reform manner in which GAO audits the FRS Board of Governors and the manner in which such audits are reported (see H.R. 1496), H2603 [12AP]

Government regulations: require an audit of the Board of Governors and Federal reserve banks (see S. 202), S272 [26JA] (see H.R. 459), H507 [26JA]

Money: improve circulation of $1 coins in order to phase out production of $1 bills (see H.R. 2977), H6271 [20SE]

———treat gold and silver coins used as legal tender in the same manner as U.S. currency (see S. 1287), S4156 [28JN]

Public Company Accounting Oversight Board: promote transparency by making disciplinary proceedings open to the public (see S. 1907), S7829 [18NO] (see H.R. 3503), H7891 [18NO]

Public debt: cancel public debt held by FRS and lower the public debt limit by an equal amount (see H.R. 2768), H5884 [1AU]

———establish a fee on transactions to eliminate the national debt, provide a tax credit to offset the impact of the fee, and establish the Bipartisan Task Force for Responsible Fiscal Action (see H.R. 1125), H1905 [16MR]

SEC: exempt certain regulatory requirements put in place under the Wall Street Reform and Consumer Protection Act (see H.R. 2779), H5885 [1AU]

Securities: remove the power of Federal reserve banks to buy and sell municipal securities (see H.R. 344), H354 [19JA]

Cloture motions

Cordray, Richard: nomination to be FRS Consumer Financial Protection Bureau Director, S8347 [6DE], S8428 [8DE]

Letters

Consumer Financial Protection Bureau funding: Americans for Financial Reform (organization), H1136 [17FE]

Debit Interchange Fee Study Act: several gasoline retail organizations, S2902 [12MY]

Promulgate regulations regarding debit and credit card interchange transaction fees: Americans for Financial Reform (organization), S2023 [31MR]

———Anthony Evans, National Black Church Initiative (organization), S2184 [6AP]

———Brian E. Cartier, National Association of College Stores, S2025 [31MR]

———Gus K. West, Hispanic Institute, S2023 [31MR]

———Jesse L. Jackson, Sr., Rainbow PUSH Coalition, S2183 [6AP]

———Joseph T. Hansen, United Food and Commercial Workers International Union (UFCW), S2024 [31MR]

———Main Street Alliance, S2184 [6AP]

———Merchants Payments Coalition, S2717 [5MY]

———Molly Corbett Broad, American Council on Education, S2023 [31MR]

———Senator Durbin, S2718 [5MY]

———several national and State trade associations, S2024 [31MR]

———Steven C. Anderson, National Association of Chain Drug Stores and Kathleen D. Jaeger, National Community Pharmacists Association, S2025 [31MR]

———Travis Plunkett, Consumer Federation of America, S2023 [31MR]

———U.S. Public Interest Research Group and Public Citizen (organization), S2023 [31MR]

Study the market and appropriate regulatory structure for electronic debit card transactions: Molly Corbett Broad, American Council on Education, S3574 [8JN]

———Public Citizen (organization) and U.S. Public Interest Research Group, S3574 [8JN]

———Tom Gordy, Armed Forces Marketing Council, S3574 [8JN]

Messages

Imposition of Certain Sanctions Relative to the Provision of Goods, Services, Technology, or Support for Iran's Energy and Petrochemical Sectors: President Obama, H7895 [22NO]

Motions

Financial Stability Oversight Council: strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 1315), H5345 [21JY]

Press releases

Bills Introduced To Delay Swipe Fee Reform: National Small Business Association, S2024 [31MR]

Remarks in House

Board of Governors: abolish and repeal Federal Reserve Act (H.R. 1094), E485 [15MR]

Bureau of Consumer Financial Protection: expedite appointment of Director, H3927 [2JN]

Consumer Financial Protection Bureau: Dept. of the Treasury and FRS inspectors general report identifying and documenting mission-critical activities and legislative mandates, H5585 [27JY]

———ensure authority to protect consumers from abusive, predatory, unfair, and deceptive financial practices, H8744 [13DE]

———ensure authority to protect seniors from abusive, predatory, unfair, and deceptive financial practices, H5346 [21JY]

———funding, E317 [18FE]

———funding through reductions in IRS enforcement funding, H1131-H1137 [17FE]

———grant additional oversight of consumer protections and research impact of language barriers on abusive lending practices, H5338 [21JY]

———postpone date for transfer of functions if the Bureau does not have a Director in place, H5304, H5318, H5319, H5325-H5327 [21JY]

———reform to increase accountability and transparency, H8265 [8DE]

———replace the Director with a five person commission, H5304, H5305, H5318-H5327, H5329 [21JY]

———require an analysis of impact of regulations on the financial industry and on consumers' and small business credit access, H5342 [21JY]

———require an Inspector General report on new Consumer Financial Protection Bureau guidelines, regulations, rules, agency overlaps, expenses, and unmitigated balances, H5340 [21JY]

———transfer authority to the Dept. of the Treasury if no Commission chair is in place, H5339 [21JY]

Cordray, Richard: nomination to be FRS Consumer Financial Protection Bureau Director, H8141 [6DE], H8265 [8DE]

Dept. of Justice: pursue criminal charges against organizations not complying with State laws relating to foreclosures, H1696 [10MR]

Economy: analysis of causes and potential remedies of current economic recession, H1445-H1448 [1MR], H1514 [2MR], H3764 [31MY], H8174-H8178 [6DE]

———depreciation of the U.S. dollar relative to FRS proposal to print more money, H4955 [13JY]

———modernize and reform monetary system and restore exclusive and sovereign authority of U.S. Government to create and regulate money to rebuild the economy, H5950 [7SE]

———modernize and reform monetary system and restore exclusive and sovereign authority of U.S. Government to create and regulate money to rebuild the economy (H.R. 2990), H7901 [29NO]

———national objectives priority assignments, H5022 [14JY]

———provide financial regulatory reform, protect consumers and investors, enhance Federal understanding of insurance issues, and regulate the over-the-counter derivatives markets, H648-H654 [10FE]

———reform the financial regulatory system of the U.S., H6559 [5OC]

Financial institutions: remove representatives of the Federal Reserve banks from membership on the Federal Open Market Committee (H.R. 1512), H6966-H6970 [14OC]

Financial Stability Oversight Council: allow non-voting members to challenge Consumer Financial Protection Bureau rules, H5334 [21JY]

———prohibit from overriding Consumer Financial Protection Bureau rules, H5329, H5330 [21JY]

———prohibit members from voting on Consumer Financial Protection Bureau rules if that rule would affect an institution where that member had recently been employed, H5333 [21JY]

———provide live online streaming or broadcasting of meetings pertaining to review of Consumer Financial Protection Bureau regulations, H5337, H5338 [21JY]

———require a Consumer Financial Protection Bureau analysis of impact of regulations on the financial industry and on consumers' and small business credit access, H5341, H5342 [21JY]

———require a supermajority to override Consumer Financial Protection Bureau rules, H5330-H5333 [21JY]

———require any agency filing a challenge to Consumer Financial Protection Bureau rules to provide certain disclosures, H5335, H5336 [21JY]

———restore time limits on review of regulations issued by the Consumer Financial Protection Bureau, H5336, H5337 [21JY]

———strengthen review authority of regulations issued by Consumer Financial Protection Bureau, H8014 [1DE]

———strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 1315), H5301, H5317-H5348 [21JY], E1387 [22JY], E1402 [25JY]

———strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 1315), consideration (H. Res. 358), H5302-H5312 [21JY]

———strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 1315), corrections in engrossment, H5348 [21JY]

———strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 1315), motion to recommit, H5346 [21JY]

FRS: expedite appointment of Bureau of Consumer Financial Protection Director, H3927 [2JN]

———grant Consumer Financial Protection Bureau additional oversight of lending practices, H5338 [21JY]

Government regulations: require an audit of the Board of Governors and Federal reserve banks, H418 [24JA]

———require an audit of the Board of Governors and Federal reserve banks (H.R. 459), E128 [26JA]

Greece: role of IMF and FRS in financial bailout, H6669 [6OC]

Public debt: establish a fee on transactions to eliminate the national debt, provide a tax credit to offset the impact of the fee, and establish the Bipartisan Task Force for Responsible Fiscal Action (H.R. 1125), H1910 [17MR]

Will, George F.: characterization of legislation by Representative Frank to remove representatives of the Federal Reserve banks from membership on the Federal Open Market Committee, H6966-H6969 [14OC]

Remarks in Senate

Consumer Financial Protection Bureau: ensure authority to protect consumers from abusive, predatory, unfair, and deceptive financial practices, S8369 [6DE], S8409 [7DE], S8471 [12DE]

———reform to increase accountability and transparency, S4625 [18JY], S8346 [6DE], S8422-S8428 [8DE]

Cordray, Richard: nomination to be FRS Consumer Financial Protection Bureau Director, S4753 [21JY], S5331 [6SE], S8346, S8369 [6DE], S8382, S8388, S8392, S8401, S8404, S8406, S8409 [7DE], S8421-S8429, S8440 [8DE], S8469, S8471 [12DE]

Credit: promulgate regulations regarding debit and credit card interchange transaction fees, S1568-S1572 [10MR], S1747-S1749 [16MR], S1778-S1780 [17MR], S2020-S2026, S2029 [31MR], S2146-S2148, S2183 [6AP], S2218 [7AP], S2471 [14AP], S2715-S2720 [5MY], S3041-S3044 [17MY], S3509 [6JN], S3515-S3518, S3528-S3535 [7JN], S3571-S3575, S3579-S3594, S3600 [8JN], S3665 [9JN], S6018 [3OC], S6061 [4OC], S6903 [31OC], S6988 [1NO]

Economy: analysis of causes and potential remedies of current economic recession, S5711 [19SE], S5795-S5797 [21SE], S6792 [20OC]

Financial institutions: study the market and appropriate regulatory structure for electronic debit card transactions, S3515-S3518, S3522, S3528-S3535 [7JN], S3571-S3575, S3579-S3594, S3600 [8JN], S3665 [9JN], S6018 [3OC], S6061 [4OC], S6988 [1NO]

———study the market and appropriate regulatory structure for electronic debit card transactions (S. 575), S2029 [31MR], S2471 [14AP], S2902 [12MY], S3093 [18MY]

Government regulations: require an audit of the Board of Governors and Federal reserve banks (S. 202), S282 [26JA]

IMF: require Senate confirmation of Governors and alternate Governors, S4049 [23JN], S4175, S4176 [29JN]

Presidential appointments: nominations considered and confirmed en bloc, unanimous-consent request, S8768, S8769 [17DE]

Public Company Accounting Oversight Board: promote transparency by making disciplinary proceedings open to the public (S. 1907), S7831 [18NO]

Reports

Consumer Financial Protection Bureau Identified and Documented Mission-Critical Activities and Legislative Mandates, H5585 [27JY]

Reports filed

Bureau of Consumer Financial Protection Transfer Clarification Act: Committee on Financial Services (House) (H.R. 1667) (H. Rept. 112-93), H3762 [27MY], H5238 [19JY]

Consideration of H.R. 1315, Consumer Financial Protection Safety and Soundness Improvement Act: Committee on Rules (House) (H. Res. 358) (H. Rept. 112-172), H5284 [20JY]

Consumer Financial Protection Safety and Soundness Improvement Act: Committee on Financial Services (House) (H.R. 1315) (H. Rept. 112-89), H3644, H3682 [25MY], H5238 [19JY]

Nomination of Peter A. Diamond to the FRS Board of Governors: Committee on Banking, Housing, and Urban Affairs (Senate), S2927 [12MY]

Nomination of Richard Cordray To Be Consumer Financial Protection Bureau Director: Committee on Banking, Housing, and Urban Affairs (Senate), S6330 [6OC]

Nomination of Sean R. Mulvane to the Eximbank Board of Directors: Committee on Banking, Housing, and Urban Affairs (Senate), S2927 [12MY]

Responsible Consumer Financial Protection Regulations Act: Committee on Financial Services (House) (H.R. 1121) (H. Rept. 112-107), H4325 [16JN], H5238 [19JY]

SEC Exemption of Inter-Affiliate Swaps From Certain Regulatory Requirements Put in Place Under the Wall Street Reform and Consumer Protection Act: Committee on Financial Services (House) (H.R. 2779) (H. Rept. 112-343), H10026 [23DE]

Statements

Consumer Financial Protection Agency Act Markup (2009): Committee on Financial Services (House) Republican members, H5307 [21JY]

Promulgate Regulations Regarding Debit and Credit Card Interchange Transaction Fees: Consumer Federation of America, S2184 [6AP]

Selection of Voting Members To Serve on the Federal Open Market Committee: Representative Frank, H6969 [14OC]

Texts of

H. Res. 358, consideration of H.R. 1315, Consumer Financial Protection Safety and Soundness Improvement Act, H5302 [21JY]

H.R. 1315, Consumer Financial Protection Safety and Soundness Improvement Act, H5328 [21JY]

S. 202, Federal Reserve Transparency Act, S282 [26JA]

S. 1907, PCAOB Enforcement Transparency Act, S7832 [18NO]