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HR 4387 113th Congress House Finance and Financial Sector Administrative law and regulatory procedures Advisory bodies Banking and financial institutions regulation Commodity Futures Trading Commission Congressional oversight Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Financial Stability Oversight Council Financial crises and stabilization Government ethics and transparency, public corruption National Credit Union Administration Securities and Exchange Commission (SEC)

FSOC Transparency and Accountability Act

Introduced: April 3, 2014 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2014
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.
Jun 20, 2014
Committee Consideration and Mark-up Session Held.
May 20, 2014
Committee Hearings Held.
Apr 3, 2014
Referred to the House Committee on Financial Services.
Apr 3, 2014
Introduced in House
 Plain-English summary Congressional Research Service

FSOC Transparency and Accountability Act - Amends the Financial Stability Act of 2010 to repeal the nonapplicability of the Federal Advisory Committee Act (FACA) to the Financial Stability Oversight Council (thus applying FACA to the Council).

Declares the Council an agency for purposes of the "Government in the Sunshine Act" (and its open meeting requirements).

Revises the voting profile of Council members to single out the following member agencies as each having collectively one vote: (1) the Board of Governors of the Federal Reserve System, (2) the Securities and Exchange Commission (SEC), (3) the Federal Deposit Insurance Corporation (FDIC), (4) the Commodity Futures Trading Commission (CFTC), and (5) the National Credit Union Administration (NCUA) Board.

Directs such member agencies to: (1) determine their Council vote by using the voting process normally applicable to votes by their members, and (2) cast the one collective Council vote by the agency head.

Permits any Council member to select to have one or more individuals on the member's staff attend a meeting of the Council, including any meeting of representatives of the member agencies other than the members themselves.

Requires all Council meetings to be open to attendance and participation by members of specified congressional committees, including any meeting of representatives of the member agencies other than the members themselves.

What's happening now June 20, 2014

Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2