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Code · BILL · 116th Congress · H.R. 7231 (Introduced in House) — To establish the Infrastructure Bank for America as a corporation to serve as a lender for and investor in infrastruc... · Sec. 6

Sec. 6. Oversight and regulation

109 words·~1 min read·/bill/116/hr/7231/ih/section-6

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The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the Holding Company and the Bank in order to ensure the safe and sound operation of the Holding Company and the Bank. The Secretary shall oversee and supervise the issuance of bonds by the Holding Company and the Bank, in order to ensure the safe and sound financing of the Holding Company and the Bank. The Secretary shall consult with the Board of Governors of the Federal Reserve System and may consult with the Secretary of Transportation and any other head of Federal agency when carrying out the Secretary’s duties under this Act.
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