Amendment inserts a new title which requires the Federal Reserve to disclose the details of the request process used to select the investment managers; disclose the details of the contracts reached with the investment managers, including price; and disclose the steps that each investment manager has taken to ensure that the program is free of conflicts of interest or an unfair advantage.

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Amendment Number
7
Description
Amendment inserts a new title which requires the Federal Reserve to disclose the details of the request process used to select the investment managers; disclose the details of the contracts reached with the investment managers, including price; and disclose the steps that each investment manager has taken to ensure that the program is free of conflicts of interest or an unfair advantage.
Purpose
An amendment printed 7 printed in House Report 111-3 to require the Federal Reserve to disclose detailed information regarding the Federal Reserves Mortgage-Backed Securities purchase program.
Congress
111
Type
HAMDT
Latest Action Date
Jan 15, 2009
Latest Action Text
On agreeing to the Murphy, Patrick amendment (A006) Agreed to by recorded vote: 426 - 0 (Roll no. 22).
Latest Action Time
14:03:38
Submitted Date
Jan 15, 2009
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 7 — Informed