ACTION : Support S. 604 "Federal Reserve Sunshine Act of 2009 " 30 co-sponsors, 37 more for 2/3 !! CALL Lautenberg and Menendez !!!

CALL Lautenberg and Menendez !!!

Frank R. Lautenberg
(202) 224-3224

Robert Menendez
(202) 224-4744



S.604
Title: A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Sponsor: Sen Sanders, Bernard [VT] (introduced 3/16/2009) Cosponsors (19)
Related Bills: H.R.1207
Latest Major Action: 3/16/2009 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
--------------------------------------------------------------------------------
SUMMARY AS OF:
3/16/2009--Introduced.

Federal Reserve Sunshine Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.)

Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.