Title 12 — Banks and BankingRelease 119-73not60
§247b Appearances Before Congress
Title 12 › Chapter 3— FEDERAL RESERVE SYSTEM › Subchapter II— BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › § 247b
Summary
Vice Chairman for Supervision must appear twice yearly before the Senate and House banking committees to report on the Board’s supervision of depository and other financial firms.
Full Legal Text
Title 12, §247b
Banks and Banking — Source: USLM XML via OLRC
The Vice Chairman for Supervision shall appear before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives and at semi-annual hearings regarding the efforts, activities, objectives, and plans of the Board with respect to the conduct of supervision and regulation of depository institution holding companies and other financial firms supervised by the Board.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is comprised of par. (12) of section 10 of act Dec. 23, 1913. No par. between pars. (10) and (12) has been enacted. For classification to this title of other pars. of section 10, see Codification note set out under section 241 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 247b
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60