S. 3490 · 117th Congress
Federal Reserve Regulatory Oversight Act
- Stage
- In committee
- Sponsor
- Thom Tillis
- Introduced
- 2022-01-12
- Latest action
- 2022-01-12 · Introduced in Senate
Summary
Federal Reserve Regulatory Oversight Act
This bill requires the Board of Governors of the Federal Reserve System and Federal Reserve banks to collect assessments and other fees to offset annual appropriations with respect to nonmonetary policy-related administrative costs to the board. The board and the banks may only incur obligations or allow and pay expenses with respect to nonmonetary policy-related administrative costs pursuant to appropriations.