To provide for enhanced oversight of the Board of Governors of the Federal Reserve System concerning the use of emergency economic assistance.

SA 913. Mr. DODD (for himself and Mr. Shelby) submitted an amendment
intended to be proposed by him to the concurrent resolution S. Con.
Res. 13, setting forth the congressional budget for the United States
Government for fiscal year 2010, revising the appropriate budgetary
levels for fiscal year 2009, and setting forth the appropriate
budgetary levels for fiscal years 2011 through 2014; as follows:

On page 48, line 21, strike ``banks'' and all that follows
through ``purposes,'' on line 25 and insert the following
``banks, to include (1) an evaluation of the appropriate
number and the associated costs of Federal reserve banks; (2)
publication on its website, with respect to all lending and
financial assistance facilities created by the Board to
address the financial crisis, of (A) the nature and amounts
of the collateral that the central bank is accepting on
behalf of American taxpayers in the various lending programs,
on no less than a monthly basis; (B) the extent to which
changes in valuation of credit extensions to various special
purpose vehicles, such as Maiden Lane I, Maiden Lane II, and
Maiden Lane III, are a result of losses on collateral which
will not be recovered; (C) the number of borrowers that
participate in each of the lending programs and details of
the credit extended, including the extent to which the credit
is concentrated in one or more institutions; and (D)
information on the extent to which the central bank is
contracting for services of private sector firms for the
design, pricing, management, and accounting for the various
lending programs and the terms and nature of such contracts
and bidding processes,''.
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