,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #dgef  ,,in ,,the ,,house ,,of  
,,representatives  ,january #aj1        
#bjah,ms4 ,tenney introduced the        
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to amend the ,federal       
,reserve ,act to establish a blackout   
period for public communications by the 
,federal ,open ,market ,committee1 and  
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,federal 
,reserve ,blackout ,improvement ,act4   
#b4 ,federal ,open ,market ,committee   
blackout period ,section #ab;,a of the  
,federal ,reserve ,act 7#ab ,u4,s4,c4   
#bfc7 is amended by adding at the end   
the following new subsection3  7d7      
,blackout period  7#a7 ,in general      
,during a blackout period1 the only     
public communications that may be made  
by members and staff of the ,committee  
with respect to macroeconomic or        
financial developments or about current 
or prospective monetary policy issues   

are the following3  7,a7 ,the           
dissemination of published data1        
surveys1 and reports that have been     
cleared for publication by the ,board of
 ,governors of the ,federal ,reserve    
,system4  7,b7 ,answers to technical    
questions specific to a data release4   
7,c7 ,communications with respect to the
 prudential or supervisory functions of 
the ,board of ,governors4  7#b7         
,blackout period defined ,for purposes  
of this subsection1 and with respect to 
a meeting of the ,committee described   
under subsection 7a71 the term blackout 
period means the time period that--     
7,a7 begins immediately after midnight  
on the day that is one week prior to the
 date on which such meeting takes place2
 and  7,b7 ends at midnight on the day  
after the date on which such meeting    
takes place4  7#c7 ,exemption for       
chairman of the board of governors      
,nothing in this section shall prohibit 
the ,chairman of the ,board of          
,governors of the ,federal ,reserve     

,system from participating in or issuing
 public communications4  4