HR 1540 · 106th Congress · Foreign Trade and International Finance

ESF Transparency and Accountability Act

Introduced 1999-04-22· Sponsored by Rep. Saxton, Jim [R-NJ-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Domestic and International Monetary Policy.(1999-05-13)

Plain Language Summary

[AI summary unavailable — showing source text] ESF Transparency and Accountability Act - Modifies Federal law regarding the Exchange Stabilization Fund to require the Secretary of the Treasury to give specified congressional committees a detailed financial statement on the Fund showing the terms and conditions of all outstanding loans and guarantees and other actions taken with respect to the assets or liabilities of the Fund, a detailed description of all agreements made or renewed during the month with respect to such assets or liabilities, a statement that contains a detailed accounting of any change in the balance in the Fund or in any component of the Fund since the giving of the most recent prior statement, and a description of any material that will be redacted in the public report of such statements. Directs the Secretary to take such steps as necessary to make the contents of the annual report to the President and Congress on the Fund's operation (with redactions of any material the disclosure of which would disrupt markets or damage U.S. national security interests) readily available to the public. Prohibits the Secretary from making any expenditure or loan, incurring any other obligation, or making any guarantee thro…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans