Sec. 202. Lender-of-last-resort policy
99 words·~1 min read·
/bill/113/s/238/is/section-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall clearly articulate the Board’s lender-of-last-resort policy. In articulating the policy required under subsection (a), the Board of Governors shall consult with— the Federal Reserve bank presidents; the Comptroller of the Currency; the Chairperson of the Federal Deposit Insurance Corporation; the Securities and Exchange Commission; the Commodity Futures Trading Commission; and such other persons with expertise in financial services regulation and monetary policy as the Board of Governors may determine appropriate.