,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dchg  ,,in ,,the ,,house ,,of  
,,representatives  ,april #c1 #bjad ,mr4
 ,garrett introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services  ,a ,,bill  ,to   
amend the ,financial ,stability ,act of 
#bjaj to require the ,financial         
,stability ,oversight ,council to hold  
open meetings and comply with the       
requirements of the ,federal ,advisory  
,committee ,act1 to provide additional  
improvements to the ,council1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,,fsoc         
,transparency and ,accountability ,act4 
#b4 ,financial ,stability ,oversight    
,council transparency  7a7 ,transparency
 ,section #aaa of the ,financial        
,stability ,act of #bjaj 7#ab ,u4,s4,c4 
#ecba7 is amended--  7#a7 by striking   
subsection 7g7 7relating to the         
nonapplicability of ,,faca72 and  7#b7  
by inserting after subsection 7f7 the   
following3  7g7 ,open meeting           

requirement ,the ,council shall be an   
agency for purposes of section #eeb;b of
 title #e1 ,united ,states ,code        
7commonly referred to as the ,government
 in the ,sunshine ,act74  4  7b7        
,council membership ,section #aaa7;b7 of
 such ,act is amended--  7#a7 in        
paragraph 7#a7--  7,a7 by striking who  
shall each and inserting who shall1     
except as provided below1 each2  7,b7 by
 amending subparagraph 7,b7 to read as  
follows3  7,b7 each member of the ,board
 of ,governors1 who shall collectively  
have #a vote on the ,council2  2  7,c7  
by amending subparagraph 7,e7 to read as
 follows3  7,e7 each member of the      
,commission1 who shall collectively have
 #a vote on the ,council2  2  7,d7 by   
amending subparagraph 7,f7 to read as   
follows3  7,f7 each member of the       
,corporation1 who shall collectively    
have #a vote on the ,council2  2  7,e7  
by amending subparagraph 7,g7 to read as
 follows3  7,g7 each member of the      
,commodity ,futures ,trading            

,commission1 who shall collectively have
 #a vote on the ,council2  2 and  7,f7  
by amending subparagraph 7,i7 to read as
 follows3  7,i7 each member of the      
,national ,credit ,union ,administration
 ,board1 who shall collectively have #a 
vote on the ,council2  2 and  7#b7 by   
adding at the end the following3  7#d7  
,voting by multi-person entity  7,a7    
,voting within the entity ,an entity    
described under subparagraph 7,b71 7,e71
 7,f71 7,g7 or 7,i7 shall determine the 
entity's ,council vote by using the     
voting process normally applicable to   
votes by the entity's members4  7,b7    
,casting of entity vote ,the #a         
collective ,council vote of an entity   
described under subparagraph 7,a7 shall 
be cast by the head of such agency or1  
in the event such head is unable to cast
 such vote1 the next most senior member 
of the entity available4  4  7c7        
,meeting oversight and access ,section  
#aaa7;e7 of such ,act is amended by     
adding at the end the following3  7#c7  

,staff access ,any member of the        
,council may select to have one or more 
individuals on the member's staff attend
 a meeting of the ,council1 including   
any meeting of representatives of the   
member agencies other than the members  
themselves4  7#d7 ,congressional        
oversight ,all meetings of the ,council1
 whether or not open to the public1     
shall be open to the attendance by1 and 
participation of1 members of the        
,committee on ,financial ,services of   
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate4  7#e7   
,member agency meetings ,any meeting of 
representatives of the member agencies  
other than the members themselves shall 
be open to attendance by1 and           
participation of1 staff of the          
,committee on ,financial ,services of   
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate4  4