S.604 - Federal Reserve Sunshine Act of 2009

A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. as introduced.
  • Short: Federal Reserve Sunshine Act of 2009 as introduced.

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Introduced
 
Senate
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House
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President
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03/16/09
 
 
 
 
 
 
 

Official Summary

Federal Reserve Sunshine Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller Ge

Official Summary

Federal Reserve Sunshine Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.) Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.

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Organizations Supporting S.604

  • Americans for Tax Reform
  • Campaign for Liberty
  • Public Citizen
  • U.S. Public Interest Research Groups
  • National Taxpayers Union
  • Freedomworks
  • ...and 1 more. See all.

Organizations Opposing S.604

  • The Financial Services Roundtable
  • American Bankers Association




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