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HR 2424 111th Congress House Finance and Financial Sector Bank accounts, deposits, capital Business records Congressional oversight Credit and credit markets Federal Reserve System Financial crises and stabilization Financial services and investments Government studies and investigations

Federal Reserve Credit Facility Review Act of 2009

Introduced: May 14, 2009 See on congress.gov
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 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
 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.

What's happening now May 14, 2009

Referred to the House Committee on Oversight and Government Reform.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2