S 3490 · 117th Congress · Finance and Financial Sector

Federal Reserve Regulatory Oversight Act

Introduced 2022-01-12· Sponsored by Sen. Tillis, Thomas [R-NC]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-01-12)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Reserve Regulatory Oversight Act This bill requires the Board of Governors of the Federal Reserve System and Federal Reserve banks to collect assessments and other fees to offset annual appropriations with respect to nonmonetary policy-related administrative costs to the board. The board and the banks may only incur obligations or allow and pay expenses with respect to nonmonetary policy-related administrative costs pursuant to appropriations.…

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