Sec. 9. International travel and negotiations
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Section 11 of the Federal Reserve Act ( 12 U.S.C. 248 ), as amended by section 4, is further amended by adding at the end the following: Members and employees of the Board of Governors of the Federal Reserve System may not travel outside of the United States for the purposes of performing any function on behalf of the Board of Governors of the Federal Reserve System after the end of the 2-year period beginning on the date of enactment of this subsection. Paragraph
(1)shall not apply to travel through another country for purposes of traveling from one part of the United States to another part of the United States. . Section 11 of the Federal Reserve Act ( 12 U.S.C. 248 ), as amended by subsection (a), is further amended by adding at the end the following: At least 90 calendar days before any Member or employee of the Board of Governors of the Federal Reserve System enters into negotiations with any foreign or multinational entity, the Board of Governors shall— issue a notice of negotiations to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate; make such notice available to the public, including on the website of the Board of Governors; and solicit public comment, and consult with the committees described under subparagraph (A), with respect to the topic matter, scope, and goals of the negotiations. After the end of any negotiation described under paragraph (1), the Board of Governors shall issue a public report on the topics that were discussed at the negotiation and any new or revised rulemakings or policy changes that the Board of Governors believe should be enacted as a result of the negotiations. At least 90 calendar days before any Member or employee of the Board of Governors of the Federal Reserve System enters into any agreement with any foreign or multinational entity, the Board of Governors shall— issue a notice of agreement to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate; make such notice available to the public, including on the website of the Board of Governors; and consult with such committees with respect to the nature of the agreement and any anticipated effects such agreement will have on the economy. .
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Sec. 9
International travel and negotiations
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