Sec. 9. Requirements for international negotiations
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Section 11 of the Federal Reserve Act ( 12 U.S.C. 248 ), as amended by section 8 of this Act, is further amended by adding at the end the following new subsection: 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 believes should be implemented 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. .
The Federal Deposit Insurance Act ( 12 U.S.C. 1811 et seq. ) is amended by adding at the end the following new section: At least 90 calendar days before the Board of Directors enters into negotiations with any foreign or multinational entity, the Board of Directors 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 Corporation; and solicit public comment, and consult with the committees described under paragraph (1), with respect to the topic matter, scope, and goals of the negotiations.
After the end of any negotiation described under subsection (a), the Board of Directors 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 Directors believes should be implemented as a result of the negotiations. At least 90 calendar days before the Board of Directors enters into any agreement with any foreign or multinational entity, the Board of Directors 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 Corporation; and consult with such committees with respect to the nature of the agreement and any anticipated effects such agreement will have on the economy. .
Section 325 of title 31, United States Code, is amended by adding at the end the following new subsection: At least 90 calendar days before the Secretary enters into negotiations with any foreign or multinational entity, the Secretary 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 Department of the Treasury; 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 Secretary 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 Secretary believes should be implemented as a result of the negotiations. At least 90 calendar days before the Secretary enters into any agreement with any foreign or multinational entity, the Secretary 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 Department of the Treasury; 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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