OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Transparency is Critical

Floor Speech

Date: March 11, 2019
Location: Washington, DC
Issues: Monetary Policy Government Operations

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Mr. GOTTHEIMER. Mr. Speaker, I first want to thank Chairwoman Waters and Congressman Lucas for working together on the Federal Reserve Supervision Testimony Clarification Act, which the House passed earlier today.

Transparency is critical, and my bipartisan bill requires that Congress receives regular testimony regarding supervisory matters at the Federal Reserve Board. Congress has a clear responsibility to ensure that the Federal Reserve is operating in the best interests of the American taxpayer, and this bill will do just that.

New Jerseyans deserve to know how the Fed is regulating our financial institutions, and Congress needs to know how it can cut red tape and grow our economy. But we can't do that if the Fed doesn't come to testify on its supervisory work.

My bill will help boost government transparency and accountability for the benefit of north Jersey and the rest of the country.

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