FSOC Transparency and Accountability Act

Summary

FSOC Transparency and Accountability Act - Amends the Financial Stability Act of 2010 to repeal the nonapplicability of the Federal Advisory Committee Act (FACA) to the Financial Stability Oversight Council (thus applying FACA to the Council). Declares the Council an agency for purposes of the "Government in the Sunshine Act" (and its open meeting requirements). Revises the voting profile of Council members to single out the following member agencies as each having collectively one vote: (1) the Board of Governors of the Federal Reserve System, (2) the Securities and Exchange Commission (SEC), (3) the Federal Deposit Insurance Corporation (FDIC), (4) the Commodity Futures Trading Commission (CFTC), and (5) the National Credit Union Administration (NCUA) Board. Directs such member agencies to: (1) determine their Council vote by using the voting process normally applicable to votes by their members, and (2) cast the one collective Council vote by the agency head. Permits any Council member to select to have one or more individuals on the member's staff attend a meeting of the Council, including any meeting of representatives of the member agencies other than the members themselves. Requires all Council meetings to be open to attendance and participation by members of specified congressional committees, including any meeting of representatives of the member agencies other than the members themselves.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 April 2014

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 3 April 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 April 2014

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 May 2014

   Committee

   Committee Hearings Held.

   Source: Committee

5. 20 June 2014

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.

   Source: Committee

6. 20 June 2014

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 April 2014 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 April 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 April 2014

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 3 April 2014

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Pittenger, Robert [R-NC-9] · R · Cosponsor
• Rep. Wagner, Ann [R-MO-2] · R · Cosponsor
• Rep. Westmoreland, Lynn A. [R-GA-3] · R · Cosponsor
• Sen. Cotton, Tom [R-AR] · R · Cosponsor
• Rep. Stivers, Steve [R-OH-15] · R · Cosponsor
• Rep. Hultgren, Randy [R-IL-14] · R · Cosponsor
• Rep. Mulvaney, Mick [R-SC-5] · R · Cosponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Cosponsor
• Rep. Ross, Dennis A. [R-FL-15] · R · Cosponsor
• Rep. Rothfus, Keith J. [R-PA-12] · R · Cosponsor
• Rep. Fincher, Stephen Lee [R-TN-8] · R · Cosponsor
• Rep. Hurt, Robert [R-VA-5] · R · Cosponsor
• Sen. Peters, Gary C. [D-MI] · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.