S 1248
114th Congress
Senate
Finance and Financial Sector
Federal Reserve System
Federal officials
Government information and archives
Fed Accountability Act of 2015
Introduced: May 7, 2015
Introduced by:
Warren, Elizabeth
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 7, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 7, 2015
Introduced in Senate
Plain-English summary
Fed Accountability Act of 2015
This bill amends the Federal Reserve Act to authorize each member of the Board of Governors of the Federal Reserve System to employ and select a maximum of four individuals for the member's staff and set their salaries.
The Board must vote, at a properly noticed public meeting, on whether to resolve any enforcement action if its resolution involves the payment of at least $1 million in compensation, penalties, fines, or other payments.
The results of that vote must be: (1) included in the Board's official minutes, and (2) made publicly available on the Board's website.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1