FEDERAL RESERVE ACT

Bills and resolutions

Financial institutions: prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded discount window lending programs (see S. 293), S264 [7FE] (see H.R. 2743), H1907 [20AP]

FRS: ensure Board of Governors and Federal Open Market Committee focus solely on stabilizing prices (see H.R. 6117), H5180 [30OC]

——— ensure that at least one Board of Governors member has demonstrated primary experience in supporting or protecting rights of workers (see S. 496), S456 [16FE] (see H.R. 3341), H2346 [15MY]

——— establish permanent Bank Term Funding Program to provide member banks and other depository institutions with short-term liquidity against long-term assets (see H.R. 3242), H2308 [11MY]

——— limit banker representation on boards of directors of Federal Reserve banks (see S. 1663), S1704 [17MY]

——— provide greater accountability (see S. 1155), S1091 [30MR]

——— remove designation of one of Board of Governors members as Vice Chairman for Supervision (see H.R. 4630), H3574 [13JY]

——— require Chairman of the Board to address interest rate risk when appearing at semi-annual hearings before Congress (see H.R. 5602), H4437 [20SE]

——— restrict conflicts of interest on boards of directors of Federal reserve banks (see S. 957), S933 [23MR]

Remarks in House

FRS: ensure Board of Governors and Federal Open Market Committee focus solely on stabilizing prices (H.R. 6117), H5727 [13NO]

Remarks in Senate

FRS: ensure that at least one Board of Governors member has demonstrated primary experience in supporting or protecting rights of workers (S. 496), S459 [16FE]