House Panel Votes To Audit Fed and Fund Resolutions

Hopkins, Cheyenne
November 2009
American Banker;11/20/2009, Vol. 174 Issue F315, p3
Trade Publication
The article reports that the U.S. House Financial Services Committee has approved a series of amendments designed to augment oversight of the Federal Reserve Board and establish a government fund to pay for the failure of systemic institutions. Chairman Barney Frank delayed a final roll call vote until after the Thanksgiving recess. Representatives Ron Paul and Mel Watt both proposed contrary legislation devised to add transparency to the Federal Reserve Board.


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