To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require voting members of the Financial Stability Oversight Council to testify before Congress at least twice each year when requested to do so or to otherwise permit certain Members of Congress to attend meetings of the Council whether or not such meetings are open to the public.

Bill: 114-hr-4210
Sponsor: full_name: Rep. Pittenger, Robert [R-NC-9]
Introduced: 2015-12-10
Policy area: Finance and Financial Sector
Subjects: Congressional oversight

Financial Stability Oversight Council

Financial crises and stabilization

Members of Congress
Latest action: action_date: 2015-12-10
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2015-12-10
action_desc: Introduced in House
text: <p>This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to: (1) require each voting member of the Financial Stability Oversight Council to testify at least twice each year before the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee if invited to do so; and (2) permit Members of Congress who serve on such committees to attend council meetings, regardless of whether such meetings are open to the public, if in any year a council member fails to testify at least twice before each such committee after being invited to do so.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 4210 IN THE HOUSE OF REPRESENTATIVES December 10, 2015 Mr. Pittenger introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require voting members of the Financial Stability Oversight Council to testify before Congress at least twice each year when requested to do so or to otherwise permit certain Members of Congress to attend meetings of the Council whether or not such meetings are open to the public.

1. Congressional testimony of members of the Financial Stability Oversight Council Section 111 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5321 ) is amended by adding at the end the following: (k) Testimony before Congress Each member of the Council named in subsection (b)(1) shall testify at least twice each calendar year before the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, when invited by such committees to testify. Members of Congress who serve as members of either such committee shall be permitted to attend any meeting of the Council regardless of whether the meeting is open to the public, if in any calendar year, any member of the Council who has been invited at least twice by each such committee fails to testify at least twice before each such committee. .