,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #dgef  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #aj1 #bjah,ms4
 ,t5ney introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
,res]ve ,act to e/abli% a black\t p]iod 
= public communications by ! ,f$]al ,op5
 ,m>ket ,committee1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,f$]al ,res]ve ,black\t ,improvem5t   
,act4  #b4 ,f$]al ,op5 ,m>ket ,committee
 black\t p]iod ,section #ab;,a ( !      
,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #bfc7
 is am5d$ by add+ at ! end ! foll[+ new 
subsection3  7d7 ,black\t p]iod  7#a7 ,9
 g5]al ,dur+ a black\t p]iod1 ! only    
public communications t may be made by  
memb]s & /aff ( ! ,committee ) respect  
to macroeconomic or f9ancial developm5ts
 or ab\t curr5t or prospective monet>y  
policy issues are ! foll[+3  7,a7 ,!    
dissem9ation ( publi%$ data1 surveys1 & 
reports t h be5 cle>$ = publication by !
 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve   

,sy/em4  7,b7 ,answ]s to te*nical       
que/ions specific to a data release4    
7,c7 ,communications ) respect to !     
prud5tial or sup]visory functions ( !   
,bo>d ( ,gov]nors4  7#b7 ,black\t p]iod 
def9$ ,= purposes ( ?is subsection1 & ) 
respect to a meet+ ( ! ,committee       
describ$ "u subsection 7a71 ! t]m       
black\t p]iod means ! "t p]iod t--  7,a7
 beg9s imm$iately aft] midnight on ! day
 t is "o week prior to ! date on :i* su*
 meet+ takes place2 &  7,b7 ends at     
midnight on ! day aft] ! date on :i* su*
 meet+ takes place4  7#c7 ,exemption =  
*airman ( ! bo>d ( gov]nors ,no?+ 9 ?is 
section %all prohibit ! ,*airman ( !    
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em f p>ticipat+ 9 or issu+ public   
communications4  4