Sec. 3. Vote by Board of Governors on certain settlements
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/bill/114/s/1248/is/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 10 of the Federal Reserve Act is amended— by redesignating paragraph
(12)( 12 U.S.C. 247b ) as paragraph (11); and by adding at the end the following: The Board of Governors of the Federal Reserve System shall vote, at a properly noticed public meeting of the Board, on whether to resolve any enforcement action if the resolution of that action involves the payment of not less than $1,000,000 in compensation, penalties, or fines, or other payments. The results of the vote of each member of the Board under subparagraph
(A)shall— be included at the appropriate place in the official minutes of the Board; and be made publicly available on the website of the Board. .
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Sec. 3
Vote by Board of Governors on certain settlements
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