About the bill
H.R. 4753 establishes procedures to ensure that the Federal Reserve fulfills its obligations mandated by Section 1108 of the Dodd-Frank Act, which established the position of Vice Chairman for Supervision at the Board of Governors.
Under Section 1108, the Vice Chairman for Supervision “shall develop policy recommendations for the Board regarding supervision and regulation of depository institution holding companies and other financial firms supervised by the Board, and shall oversee the supervision and regulation of such firms.”
Section 1108 further states that “The Vice Chairman for Supervision shall appear before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives and at semi-annual hearings regarding the efforts, activities, objectives, and plans of the Board with respect to the …
Sponsor and status
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on September 26, 2018 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
Position statements
What legislators are saying
“House Passes Lucas Bill to Increase Transparency at Fed”
—
Rep. Frank Lucas [R-OK3]
(Sponsor)
on Oct 1, 2018
“Come and Read It Report”
—
Rep. Roger Williams [R-TX25]
on Sep 17, 2018
“The Week Ahead - scheduled votes, committee action and other important notes for the week of September 24, 2018”
—
Rep. David Young [R-IA3, 2015-2018]
on Sep 24, 2018
History
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Jan 10, 2018
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Sep 13, 2018
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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Sep 26, 2018
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made. |
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Sep 26, 2018
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Reported by House Committee on Financial Services
A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions. |
H.R. 4753 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4753. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.R. 4753 — 115th Congress: Federal Reserve Supervision Testimony Clarification Act.” www.GovTrack.us. 2018. October 2, 2023 <https://www.govtrack.us/congress/bills/115/hr4753>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
