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H.R.2424 / 111th Congress

Federal Reserve Credit Facility Review Act of 2009

Referred to the House Committee on Oversight and Government Reform.

Official summary

Version 00 · Introduced in House · May 14, 2009

Federal Reserve Credit Facility Review Act of 2009 - Authorizes the Comptroller General to conduct reviews, including onsite examinations, of any credit facility established by the Federal Reserve Board or any federal reserve bank, and of its establishment as the lender of last resort, including when it provides temporary assistance to private institutions as the lender of last restort.

Specifies the credit facilities to which this Act applies.

Terminates such authorization five years after the enactment of this Act.

Grants the Comptroller General access to all records and property of any such credit facility, as well as to its officers, employees, contractors, and other agents and representatives.

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Who introduced it

Rep. Kucinich, Dennis J. [D-OH-10] · D–OH

Committees

  • Oversight and Government Reform Committee
5 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the House Committee on Oversight and Government Reform.

  2. Introduced in House

  3. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Analyze H.R.2424 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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