Federal Reserve Sunshine Act of 2009
Latest action · Mar 16, 2009 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 16, 2009
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Federal Reserve Sunshine Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.)
Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.
Cosponsors 32
Members who signed on, in the order they did. Signatures ran from Jun 11, 2009 to Jan 28, 2010.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-SC | Jim DeMint | Jun 11, 2009 | |
| R-LA | David Vitter | Jun 16, 2009 | |
| R-ID | Mike Crapo | Jun 25, 2009 | |
| R-GA | Johnny Isakson | Jul 8, 2009 | |
| R-KS | Sam Brownback | Jul 8, 2009 | |
| R-GA | Saxby Chambliss | Jul 8, 2009 | |
| R-OK | James M. Inhofe | Jul 9, 2009 | |
| R-NC | Richard Burr | Jul 9, 2009 | |
| D-AR | Blanche L. Lincoln | Jul 15, 2009 | |
| R-WY | John Barrasso | Jul 15, 2009 | |
| R-AZ | John McCain | Jul 15, 2009 | |
| R-UT | Robert F. Bennett | Jul 15, 2009 | |
| D-WI | Russell D. Feingold | Jul 15, 2009 | |
| R-TX | John Cornyn | Jul 20, 2009 | |
| R-TX | Kay Bailey Hutchison | Jul 20, 2009 | |
| R-OK | Tom Coburn | Jul 20, 2009 | |
| D-IA | Tom Harkin | Jul 20, 2009 | |
| R-SC | Lindsey Graham | Jul 24, 2009 | |
| R-UT | Orrin G. Hatch | Jul 24, 2009 | |
| D-MD | Benjamin L. Cardin | Jul 28, 2009 | |
| R-IA | Chuck Grassley | Aug 3, 2009 | |
| R-ID | James E. Risch | Aug 3, 2009 | |
| D-VA | Jim Webb | Aug 3, 2009 | |
| D-ND | Byron L. Dorgan | Sep 9, 2009 | |
| R-AK | Lisa Murkowski | Sep 15, 2009 | |
| D-CA | Barbara Boxer | Sep 17, 2009 | |
| D-VT | Patrick J. Leahy | Sep 17, 2009 | |
| R-SD | John Thune | Sep 22, 2009 | |
| R-MS | Roger F. Wicker | Oct 1, 2009 | |
| R-MS | Thad Cochran | Oct 1, 2009 | |
| D-LA | Mary L. Landrieu | Dec 17, 2009 | |
| D-OR | Ron Wyden | Jan 28, 2010 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Mar 16, 2009 |
Actions 2
Everything that happened, newest first.
- Mar 16, 2009Introduced in Senate
- Mar 16, 2009Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1207 | Federal Reserve Transparency Act of 2009 | Related bill | Sep 25, 2009 |
| S 2939 | A bill to amend title 31, United States Code to require an audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks, and for other purposes. | Related bill | Jan 28, 2010 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
- Short Titles as Introduced
- Federal Reserve Sunshine Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 16, 2009Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
