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HR 885 111th Congress House Finance and Financial Sector Banking and financial institutions regulation Commodity Futures Trading Commission Congressional oversight Federal Reserve System Federal officials Government studies and investigations National Credit Union Administration Pension Benefit Guaranty Corporation Securities and Exchange Commission (SEC)

Improved Financial and Commodity Markets Oversight and Accountability Act

Introduced: March 5, 2009 Introduced by: Larson, John B. Democratic · Connecticut See on congress.gov
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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 17 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2010
Committee on Homeland Security and Governmental Affairs. Reported by Senator Lieberman with amendments. Without written report.
Mar 16, 2010
Placed on Senate Legislative Calendar under General Orders. Calendar No. 320.
Jul 29, 2009
Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment favorably.
Jul 22, 2009
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Jun 10, 2009
Received in the Senate.
Jun 8, 2009
Mr. Lynch moved to suspend the rules and pass the bill, as amended.
Jun 8, 2009
DEBATE - The House proceeded with forty minutes of debate on H.R. 885.
Jun 8, 2009
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6284)
Jun 8, 2009
Motion to reconsider laid on the table Agreed to without objection.
Jun 8, 2009
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6284)
Jun 8, 2009
Considered under suspension of the rules. (consideration: CR H6284-6286)
May 18, 2009
Placed on the Union Calendar, Calendar No. 57.
May 18, 2009
Reported (Amended) by the Committee on Oversight and Government. H. Rept. 111-114.
May 6, 2009
Ordered to be Reported (Amended) by Voice Vote.
May 6, 2009
Committee Consideration and Mark-up Session Held.
Feb 4, 2009
Referred to the House Committee on Oversight and Government Reform.
Feb 4, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Improved Financial and Commodity Markets Oversight and Accountability Act - Amends the Inspector General Act of 1978 to include the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission (CFTC), the National Credit Union Administration (NCUA), the Pension Benefit Guaranty Corporation (PBGC), and the Securities and Exchange Commission (SEC) as establishments the Inspector Generals of which shall be appointed by the President.

Applies existing pay requirements under the Inspector General Reform Act of 2008 to the Inspectors General of such entities. Permits such Inspectors General to select, appoint, and employ such officers and employees as necessary and to obtain services of experts or consultants.

Authorizes such Inspectors General to subpoena records and testimony necessary in the performance of their assigned functions.

Requires the heads of those entities to: (1) take action to address deficiencies identified by their Inspector General; or (2) certify to both Houses of Congress that no action is necessary or appropriate.

What's happening now March 16, 2010

Placed on Senate Legislative Calendar under General Orders. Calendar No. 320.

 Related & companion bills 1
  • S 1354 Related bill Improved Financial and Commodity Markets Oversight and Accountability Act
 Bill text 5 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 11
All 11 Democratic 9
D
Schiff, Adam B.
California · Apr 23, 2009
 D
DeLauro, Rosa L.
Connecticut · Mar 19, 2009
 D
Cleaver, Emanuel
Missouri · Mar 18, 2009
 D
Courtney, Joe
Connecticut · Mar 18, 2009
 D
Davis, Danny K.
Illinois · Mar 18, 2009
 D
Green, Al
Texas · Mar 18, 2009
 D
Meeks, Gregory W.
New York · Mar 18, 2009
 D
Sánchez, Linda T.
California · Mar 18, 2009
 D
Murphy, Christopher
Connecticut · Mar 17, 2009
Boccieri, John
· Mar 5, 2009
Nye, Glenn
· Feb 4, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 885: Improved Financial and Commodity Markets Oversight and Accountability Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-885/
MLA
"H.R. 885: Improved Financial and Commodity Markets Oversight and Accountability Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-885/.
Bluebook (legal)
H.R. 885, 111th Cong. (2026), https://openamerica.io/bill/111-HR-885/.
Markdown link
[H.R. 885: Improved Financial and Commodity Markets Oversight and Accountability Act](https://openamerica.io/bill/111-HR-885/)
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