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United States · Bill · S

S. 1354 (111th)

Improved Financial and Commodity Markets Oversight and Accountability Act

referredUnited States· United States Congress· EN

Introduced

25 June 2009

Last action

25 June 2009 · Introduced

Status

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsors

Sen. Menendez, Robert [D-NJ]

Subjects

Discovery layer

Source updated

28 November 2025

Summary

Improved Financial and Commodity Markets Oversight and Accountability Act - Amends the Inspector General Act of 1978 to include the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission (CFTC), the National Credit Union Administration (NCUA), the Pension Benefit Guaranty Corporation (PBGC), and the Securities and Exchange Commission (SEC) as establishments the Inspector Generals of which shall be appointed by the President. Applies existing pay requirements under the Inspector General Reform Act of 2008 to the Inspectors General of such entities. Permits such Inspectors General to select, appoint, and employ such officers and employees as necessary and to obtain services of experts or consultants. Authorizes such Inspectors General to subpoena records and testimony necessary in the performance of their assigned functions. Requires the heads of those entities to: (1) take action to address deficiencies identified by their Inspector General; or (2) certify to both houses of Congress that no action is necessary or appropriate.

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

Timeline

  1. 25 June 2009

    Introduced

    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    Source: IntroReferral

  2. 25 June 2009

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 25 June 2009

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 25 June 2009

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 25 June 2009

    Open at official source

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Sponsors

Related records

Sources

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