,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #dige  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,augu/ #ae1 #bjbe,mr4 
,c>t] ( ,georgia introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices1 & 9 addition to !   
,committee on ,rules1 = a p]iod to be   
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d ! ,f$]al   
,res]ve ,act to e/abli% proc$ures =     
removal ( ! ,*airman ( ! ,bo>d (        
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & =
 o!r purposes4  #a4 ,%ort title  ,?is   
,act may be cit$ z ! ,timely ,ov]sight (
 ,op]ations1 ,liquidity1 ,acc\ntability1
 ,t>get+1 & ,effectiv5ess ,act or !     
,,too ,,late ,act4  #b4 ,cause = removal
 ( ! ,*airman ( ! ,bo>d ( ,gov]nors ( ! 
,f$]al ,res]ve ,sy/em ,section #aj ( !  
,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #bda 
et seq47 is am5d$-- 7#a7 by r$esignat+  
p>agraph 7#ab7 z p>agraph 7#aa72 &  7#b7
 by ins]t+ aft] p>agraph 7#aa71 z s     

r$esignat$1 ! foll[+ new p>agraph3      
7#ab7 ,cause = removal  7,a7 ,9 g5]al ,!
 ,presid5t may remove ! ,*airman ( !    
,bo>d if1 = two consecutive qu>t]s1 !   
,f$]al funds t>get rate deviates by m   
?an #bjj basis po9ts f ! av]age g5]at$  
by any two ( ! foll[+ b5*m>ks dur+ su*  
qu>t]s3  7i7 ,! ,implicit ,price        
,deflator = ,p]sonal ,consumption       
,exp5ditures4  7ii7 ,! diff]5ce betwe5 !
 yield ( a #e-ye> ,treasury bond & !    
yield ( a #e-ye> ,treasury              
,inflation-,protect$ ,security4  7iii7  
,! diff]5ce betwe5 e/imates (           
unemploym5t ( ! ,bo>d & ! relative to ! 
projections ( ! ,congressional ,budget  
,(fice4  7,b7 ,proc$ures ,^u ! occurr5ce
 ( a deviation describ$ 9 subsection    
7a71 ! ,presid5t %all issue a /atem5t   
provid+ a ju/ification = removal ( !    
,*air1 includ+ ref]5ces to b5*m>k data &
 a discussion ( ! conduct ( monet>y     
policy4 ,any su* /atem5t %all be        
submitt$ to ,congress & made publicly   
available4  7,c7 ,congressional         

,ov]sight ,n lat] ?an #cj days aft] !   
,presid5t issues a /atem5t describ$ 9   
subp>agraph 7,b71 ! ,committee on       
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate %all hold he>+s analyz+ !        
ju/ification = removal ( ! ,*air4  7,d7 
,f$]al funds t>get rate def9$ ,! t]m    
,f$]al funds t>get rate means ! upp]    
b\nd ( ! t>get range = ! ,f$]al funds   
rate e/abli%$ by ! ,f$]al ,op5 ,m>ket   
,committee4  4