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house Bill H.R. 974

Should the Fed be Required to Give Congress Annual Updates on its Regulatory Activities?

Argument in favor

The Federal Reserve needs to keep congressional committees updated about its regulatory activities. Someone from the Fed should provide testimony to that effect even if the position of vice chair for supervision isn’t filled.

Victoria 's Opinion
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03/11/2019
The more transparency in government, the better.
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IllWill's Opinion
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03/11/2019
Congress should hear regularly from the Fed about regulatory matters. The Federal Reserve has an immense amount of responsibility regarding the health of our financial system and our economy in general and our representatives in Congress need to be updated on the activities of this institution.
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Cndrla's Opinion
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03/11/2019
Transparency is a good. Please support this legislation.
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Argument opposed

History shows that there’s no significant risk to forgoing these updates to Congress. There wasn’t a Vice Chairman for Supervision at the Fed during the Obama administration & committees can always ask the chair directly.

MFein10's Opinion
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03/11/2019
The Federal Reserve should stay away from political interference and grandstanding members of Congress. Also, Congress doesn’t need more days away from legislating.
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Dolores's Opinion
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03/11/2019
Totally seperAte from president and Congress so can operate without political or partisan pressures. That was how and why it was set up. There were flaws uncovered in 2008, absolutely and fixes were put in place. Watch a rerun of last nights 60 Minutes for a great discussion on this topic. Consider the greater risk of hacking our financial systems and accounts by foreign entities!
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Linda's Opinion
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03/11/2019
I oppose. This information is available to Congress. Adding another committee is unnecessary. If Congress needs a brief, requesting a review & report can be requested. Now if they could not request information, I’d agree to an annual report. This repetitive action will just waste time. Congress needs to spend on priority issues.
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    The more transparency in government, the better.
    Like (33)
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    The Federal Reserve should stay away from political interference and grandstanding members of Congress. Also, Congress doesn’t need more days away from legislating.
    Like (8)
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    Congress should hear regularly from the Fed about regulatory matters. The Federal Reserve has an immense amount of responsibility regarding the health of our financial system and our economy in general and our representatives in Congress need to be updated on the activities of this institution.
    Like (18)
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    Transparency is a good. Please support this legislation.
    Like (16)
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    Totally seperAte from president and Congress so can operate without political or partisan pressures. That was how and why it was set up. There were flaws uncovered in 2008, absolutely and fixes were put in place. Watch a rerun of last nights 60 Minutes for a great discussion on this topic. Consider the greater risk of hacking our financial systems and accounts by foreign entities!
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    Monetary policy is supposed to be set by Congress. Since this is not already occurring it is clear that Congress is just maintaining its ongoing disdain for doing its constitutional responsibilities unless it is politically convenient.
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    I oppose. This information is available to Congress. Adding another committee is unnecessary. If Congress needs a brief, requesting a review & report can be requested. Now if they could not request information, I’d agree to an annual report. This repetitive action will just waste time. Congress needs to spend on priority issues.
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    Best to be monitored so we do not repeat 2008
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    Not just to Congress but to the American people also they MYST undergo a full independent audit
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    Duh! What a frigging stupid question. Leave we're wasting time and space on the floor to vote on some stupid shit like this.
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    It’s called transparency
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    We need to have transparency between Federal agencies and the legislative branch
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    Yes
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    How can laws be passed if congress is not updated
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    Yes. This needs to happen. Congress needs to know how much funding is in the purse it controls. The Bureau of Fiscal Service & US Treasury don't report all funding it receives to Congress. I know this to be true because I sent funding to the Gifts to the United States Fund. I then watched for it to be added in. It never was. I have requested the IRS to look into the matter since my EIN number was written on the payment. Someone kept it.
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    Absolutely! Transparency, transparency, transparency...
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    The more transparency t
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    Someone should keep an eye on them so they don’t kill us via deregulation. Obviously, the average garden variety Americans are of no interest to them.
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    Yes. Fed should give Congress info.
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    End the Fed. Are we still supposed to believe it helps the economy? Maybe after the next bubble, eh?
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