Pittenger introduces bill to require FSOC voting members to testify before Congress

This story appeared in Bank Digest.

Representative Robert Pittenger (R-NC) has introduced H.R. 4210, which would require voting members of the Financial Stability Oversight Council to publicly testify before Congress at least twice each year or to allow members of the House Financial Services Committee to attend the secret FSOC meetings, according to Pittenger's press release.

The release said that other than Treasury Secretary Jack Lew, the voting members of the FSOC are not required to testify before Congress to answer questions about their votes, "which can include decisions potentially leading to taxpayer-funded bailouts, increased fees charged to consumers, or the loss of jobs."