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S. 1248 · 114th Congress

Fed Accountability Act of 2015

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

1 cosponsor · 1 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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.

What it does: CRS summary · Introduced in Senate · May 7, 2015

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Fed Accountability Act of 2015

Latest action (May 7, 2015): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Policy area: Finance and Financial Sector · Origin: Senate · Introduced: May 7, 2015

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.