Skip to main content
S 513 111th Congress Senate Finance and Financial Sector Federal Reserve System Financial crises and stabilization Government information and archives Government lending and loan guarantees

Federal Reserve Transparency Act

Introduced: March 3, 2009 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 3, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Federal Reserve Transparency Act - Directs the Board of Governors of the Federal Reserve System to publish on its website, with respect to all loans and other financial assistance it has provided since March 24, 2008: (1) the identity of each business, individual, or entity to which the Board has provided such assistance; (2) the type of financial assistance provided; (3) its value or amount; (4) the date on which it was provided; (5) the specific terms of any repayment expected, including the repayment time period, interest charges, collateral, limitations on executive compensation or dividends, and other material terms; and (6) the specific rationale for providing assistance in each instance.

Requires the Board to update such information at least once every 30 days.

What's happening now March 3, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1