H. R. 974
IN THE HOUSE OF REPRESENTATIVES
February 5, 2019
Mr. Gottheimer (for himself and Mr. Lucas) introduced the following bill; which was referred to the Committee on Financial Services
To amend the Federal Reserve Act to require the Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System to provide a written report, and for other purposes.
This Act may be cited as the
Federal Reserve Supervision Testimony Clarification Act.
Vice Chairman for Supervision report requirement
Paragraph (12) of section 10 of the Federal Reserve Act (12 U.S.C. 247b) is amended—
by redesignating such paragraph as paragraph (11); and
in such paragraph—
shall appear and inserting
shall provide written testimony and appear; and
by adding at the end the following:
If, at the time of any appearance described in this paragraph, the position of Vice Chairman for Supervision is vacant, the Chairman or their designee shall appear instead and provide the required written testimony..