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S. 3490

BillFederalSenateIn Committee
Federal Reserve Regulatory Oversight Act
About This Bill
Committee
Latest Action · January 12, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
117th (2021–2023)
Introduced
January 12, 2022
Cosponsors (0)
None
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Summary

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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.

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