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Financial Regulators Transparency Act of 2023

USA118th CongressS-1160| Senate 
| Updated: 3/30/2023
Thomas Tillis

Thomas Tillis

Republican Senator

North Carolina

Cosponsors (8)
Elizabeth Warren (Democratic)Cynthia M. Lummis (Republican)J. D. Vance (Republican)Kyrsten Sinema (Independent)Mike Rounds (Republican)Ted Cruz (Republican)Bill Hagerty (Republican)Richard Blumenthal (Democratic)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Financial Regulators Transparency Act of 2023 This bill makes certain disclosure and ethics requirements applicable to the Federal Reserve banks and financial regulators and changes the authority and appointment procedure of the inspector general of the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau. The bill applies to Federal Reserve banks Freedom of Information Act (FOIA) requirements, congressional FOIA request requirements, and federal records retention requirements. The bill also expands ethics-related congressional FOIA requests to apply to the Board of Governors of the Federal Reserve System, Federal Reserve banks, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Federal Housing Finance Agency. Finally, the bill requires the inspector general of the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau to be appointed by the President and confirmed by the Senate. The inspector general shall also have authority over the Federal Reserve banks. Under current law, this appointment is made by the chair of the Board of Governors of the Federal Reserve System.
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Timeline

Bill from Previous Congress

S 117-5300
Financial Regulators Transparency Act of 2022
Mar 30, 2023
Introduced in Senate
Mar 30, 2023
Read twice and referred to the Committee on the Judiciary.
  • Bill from Previous Congress

    S 117-5300
    Financial Regulators Transparency Act of 2022


  • March 30, 2023
    Introduced in Senate


  • March 30, 2023
    Read twice and referred to the Committee on the Judiciary.

Finance and Financial Sector

Related Bills

  • S 118-915: A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.

Financial Regulators Transparency Act of 2023

USA118th CongressS-1160| Senate 
| Updated: 3/30/2023
Financial Regulators Transparency Act of 2023 This bill makes certain disclosure and ethics requirements applicable to the Federal Reserve banks and financial regulators and changes the authority and appointment procedure of the inspector general of the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau. The bill applies to Federal Reserve banks Freedom of Information Act (FOIA) requirements, congressional FOIA request requirements, and federal records retention requirements. The bill also expands ethics-related congressional FOIA requests to apply to the Board of Governors of the Federal Reserve System, Federal Reserve banks, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Federal Housing Finance Agency. Finally, the bill requires the inspector general of the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau to be appointed by the President and confirmed by the Senate. The inspector general shall also have authority over the Federal Reserve banks. Under current law, this appointment is made by the chair of the Board of Governors of the Federal Reserve System.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-5300
Financial Regulators Transparency Act of 2022
Mar 30, 2023
Introduced in Senate
Mar 30, 2023
Read twice and referred to the Committee on the Judiciary.
  • Bill from Previous Congress

    S 117-5300
    Financial Regulators Transparency Act of 2022


  • March 30, 2023
    Introduced in Senate


  • March 30, 2023
    Read twice and referred to the Committee on the Judiciary.
Thomas Tillis

Thomas Tillis

Republican Senator

North Carolina

Cosponsors (8)
Elizabeth Warren (Democratic)Cynthia M. Lummis (Republican)J. D. Vance (Republican)Kyrsten Sinema (Independent)Mike Rounds (Republican)Ted Cruz (Republican)Bill Hagerty (Republican)Richard Blumenthal (Democratic)

Judiciary Committee

Finance and Financial Sector

Related Bills

  • S 118-915: A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted