Sen. Elizabeth Warren, D-Mass. (AP Photo/Pablo Martinez Monsivais)

(Bloomberg) — Senators Elizabeth Warren and David Vitter introduced legislation to require the Federal Reserve Board of Governors to publicly record votes on enforcement actions that include $1 million or more in payments.

The proposal would also give each governor his or her own staff, like those working for commissioners at the Securities and Exchange Commission and Federal Deposit Insurance Corp. Fed governors currently share a staff of researchers. The goal is to make governors more independent, according to a release the lawmakers issued on Thursday in Washington announcing their proposal.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?

Dig Deeper



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.