,,ib  ,union ,calendar ,no4 #dhj  #aacth
 ,,congress  #b;d ,session  ,h4 ,r4     
#cbdj  ,report ,no4 #aac-fdj  ,,in ,,the
 ,,house ,,of ,,representatives         
,october #c1 #bjac ,mr4 ,pittenger 7for 
himself and ,mrs4 ,carolyn ,b4 ,maloney 
of ,new ,york7 introduced the following 
bill2 which was referred to the         
,committee on ,financial ,services      
,december #b1 #bjad ,additional         
sponsors3 ,mr4 ,westmoreland1 ,mr4      
,cotton1 ,mr4 ,king of ,new ,york1 ,mr4 
,michaud1 ,mr4 ,stivers1 ,mr4 ,veasey1  
,mr4 ,peters of ,michigan1 ,mr4         
,fitzpatrick1 ,mr4 ,ross1 ,mr4 ,lucas1  
,mr4 ,murphy of ,florida1 ,mr4 ,david   
,scott of ,georgia1 ,mr4 ,foster1 ,mr4  
,rothfus1 ,mr4 ,kilmer1 ,mr4            
,luetkemeyer1 ,mr4 ,honda1 ,mr4 ,cook1  
,mr4 ,amodei1 ,mr4 ,ruiz1 ,ms4 ,norton1 
,mrs4 ,negrete ,mc,leod1 ,mr4 ,huffman1 
,mr4 ,heck of ,nevada1 ,mr4 ,vargas1    
,mr4 ,costa1 ,mr4 ,denham1 ,mr4         
,swalwell of ,california1 ,mr4          
,lowenthal1 ,mr4 ,latta1 ,mr4 ,takano1  

,mr4 ,loebsack1 and ,mr4 ,joyce         
,december #b1 #bjad ,committed to the   
,committee of the ,whole ,house on the  
,state of the ,union and ordered to be  
printed  ,a ,,bill  ,to instruct the    
,comptroller ,general of the ,united    
,states to study the impact of          
,regulation ,d1 and for other purposes4 
#a4 ,short title ,this ,act may be cited
 as the ,regulation ,d ,study ,act4  #b4
 ,government ,accountability ,office    
study  7a7 ,study ,the ,comptroller     
,general of the ,united ,states shall   
conduct a comprehensive study on the    
impact on depository institutions1      
consumers1 and monetary policy of the   
requirement that depository institutions
 maintain reserves in accordance with   
subsections 7b7 and 7c7 of section #ai  
of the ,federal ,reserve ,act 7#ab      
,u4,s4,c4 #dfa7 and ,regulation ,d 7#ab 
,c4,f4,r4 #bjd74  7b7 ,matters ,to be   
studied ,in conducting the study under  
this section1 the ,comptroller ,general 
shall include the following3  7#a7 ,an  

historic review of how the ,board of    
,governors of the ,federal ,reserve     
,system has used reserve requirements to
 conduct ,united ,states monetary       
policy1 including information on how and
 when the ,board of ,governors has      
changed the required reserve ratio4     
7#b7 ,the impact of the maintenance of  
reserves on depository institutions1    
including the operational requirements  
and associated costs4  7#c7 ,the impact 
on consumers in managing their accounts1
 including the costs and benefits of the
 reserving system4  7#d7 ,alternatives  
the ,board of ,governors may have to the
 maintenance of reserves to effect      
monetary policy4  7c7 ,consultation ,in 
conducting the study under this section1
 the ,comptroller ,general shall consult
 with credit unions and community banks4
  7d7 ,report ,not later than #a year   
after the date of the enactment of this 
,act1 the ,comptroller ,general shall   
submit to ,congress a report            
containing--  7#a7 the results of the   

study conducted pursuant to this        
section2 and  7#b7 any recommendations  
based on such study4  ,december #b1     
#bjad ,committed to the ,committee of   
the ,whole ,house on the ,state of the  
,union and ordered to be printed