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Federal Reserve Regulatory Oversight Act

12/30/2022, 4:04 AM

Congressional Summary of S 3490

Federal Reserve Regulatory Oversight Act

This bill requires the Board of Governors of the Federal Reserve System and Federal Reserve banks to collect assessments and other fees to offset annual appropriations with respect to nonmonetary policy-related administrative costs to the board. The board and the banks may only incur obligations or allow and pay expenses with respect to nonmonetary policy-related administrative costs pursuant to appropriations.

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Current Status of Bill S 3490

Bill S 3490 is currently in the status of Bill Introduced since January 12, 2022. Bill S 3490 was introduced during Congress 117 and was introduced to the Senate on January 12, 2022.  Bill S 3490's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 12, 2022

Bipartisan Support of Bill S 3490

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3490

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3490

Federal Reserve Regulatory Oversight Act
Federal Reserve Regulatory Oversight Act
A bill to amend the Federal Reserve Act to bring the non-monetary policy related functions of the Board of Governors of the Federal Reserve System into the appropriations process, and for other purposes.

Comments

Sponsors and Cosponsors of S 3490

Thom Tillis
Thom Tillis
North CarolinaRepublican

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