S. 1248 · 114th Congress
Fed Accountability Act of 2015
- Stage
- In committee
- Sponsor
- Elizabeth Warren
- Introduced
- 2015-05-07
- Latest action
- 2015-05-07 · Introduced in Senate
Summary
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.