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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 (Reported-in-House)

Union Calendar No. 765

115th CONGRESS
2d Session
H. R. 4753

[Report No. 115–980]


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.

IN THE HOUSE OF REPRESENTATIVES

January 10, 2018

Mr. Lucas introduced the following bill; which was referred to the Committee on Financial Services

September 26, 2018

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

[Strike out all after the enacting clause and insert the part printed in italic]

[For text of introduced bill, see copy of bill as introduced on January 10, 2018]

A BILL

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.”.

Union Calendar No. 765

115th CONGRESS
     2d Session
H. R. 4753
[Report No. 115–980]
A BILL
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.
September 26, 2018
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed