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H.R. 2424 111th Congress House

Federal Reserve Credit Facility Review Act of 2009

Official title: 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 … Show full official titleShow less

Official title: 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 during the current financial crisis, and for other purposes.

Introduced: May 14, 2009 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBusiness recordsCongressional oversightCredit and credit markets
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Federal Reserve SystemFinancial crises and stabilizationFinancial services and investmentsGovernment studies and investigations
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 14, 2009
Referred to the House Committee on Oversight and Government Reform.
May 14, 2009
Introduced in House
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 Latest action May 14, 2009

Referred to the House Committee on Oversight and Government Reform.

 Plain-English summary Congressional Research Service

Federal Reserve Credit Facility Review Act of 2009 - Authorizes the Comptroller General to conduct reviews, including onsite examinations, of any credit facility established by the Federal Reserve Board or any federal reserve bank, and of its establishment as the lender of last resort, including when it provides temporary assistance to private institutions as the lender of last restort.

Specifies the credit facilities to which this Act applies.

Terminates such authorization five years after the enactment of this Act.

Grants the Comptroller General access to all records and property of any such credit facility, as well as to its officers, employees, contractors, and other agents and representatives.

 Related & companion bills 1
  • S 1457 Federal Reserve Credit Facility Review Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Issa, Darrell
California · May 14, 2009
 R
Jordan, Jim
Ohio · May 14, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2424: Federal Reserve Credit Facility Review Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2424/
MLA
"H.R. 2424: Federal Reserve Credit Facility Review Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2424/.
Bluebook (legal)
H.R. 2424, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2424/.
Markdown link
[H.R. 2424: Federal Reserve Credit Facility Review Act of 2009](https://openamerica.io/bill/111-HR-2424/)
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