S.1248 - Fed Accountability Act of 2015114th Congress (2015-2016)
|Sponsor:||Sen. Warren, Elizabeth [D-MA] (Introduced 05/07/2015)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 05/07/2015 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.1248 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (05/07/2015)
Fed Accountability Act of 2015
This bill amends the Federal Reserve Act to authorize each member of the Board of Governors of the Federal Reserve System to employ and select a maximum of four individuals for the member's staff and set their salaries.
The Board must vote, at a properly noticed public meeting, on whether to resolve any enforcement action if its resolution involves the payment of at least $1 million in compensation, penalties, fines, or other payments.
The results of that vote must be: (1) included in the Board's official minutes, and (2) made publicly available on the Board's website.