<p><b>Financial Regulators Transparency Act of 2023 </b></p> <p>This bill makes certain disclosure and ethics requirements applicable to the Federal Reserve banks and financial regulators and changes the authority and appointment procedure of the inspector general of the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau. </p> <p>The bill applies to Federal Reserve banks Freedom of Information Act (FOIA) requirements, congressional FOIA request requirements, and federal records retention requirements. </p> <p>The bill also expands ethics-related congressional FOIA requests to apply to the Board of Governors of the Federal Reserve System, Federal Reserve banks, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Federal Housing Finance Agency. </p> <p>Finally, the bill requires the inspector general of the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau to be appointed by the President and confirmed by the Senate. The inspector general shall also have authority over the Federal Reserve banks. Under current law, this appointment is made by the chair of the Board of Governors of the Federal Reserve System. </p>
Use this page to support, oppose, or ask Congress to amend S1160. Modern Action explains Financial Regulators Transparency Act of 2023 in plain English, helps identify the right senators or representative, and drafts a bill-specific message you can review before sending.
Where it stands
Sitting in Senate Committee
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Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Senate Floor Vote
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Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
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This page is for understanding Financial Regulators Transparency Act of 2023, choosing whether you support it, oppose it, or want changes. Modern Action drafts the message before it goes to Congress.
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