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House Bill 4753
115th Congress(2017-2018)
Federal Reserve Supervision Testimony Clarification Act
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Passed House on Sep 26, 2018
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H. R. 4753 (Engrossed-in-House)


115th CONGRESS
2d Session
H. R. 4753

AN ACT

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Federal Reserve Supervision Testimony Clarification Act”.

SEC. 2. Vice Chairman for Supervision report requirement.

Paragraph (12) of section 10 of the Federal Reserve Act (12 U.S.C. 247b) is amended—

(1) by redesignating such paragraph as paragraph (11); and

(2) in such paragraph—

(A) by striking “shall appear” and inserting “shall provide written testimony and appear”; and

(B) 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.”.

Passed the House of Representatives September 26, 2018.

Attest:





Clerk.  

115th CONGRESS
     2d Session
H. R. 4753
AN ACT
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.