(Bloomberg) -- Senators Elizabeth Warren and DavidVitter introduced legislation to require the FederalReserve Board of Governors to publicly record votes onenforcement actions that include $1 million or more inpayments.
The proposal would also give each governor his or her own staff,like those working for commissioners at the Securities and Exchange Commission and FederalDeposit Insurance Corp. Fed governors currently share a staff ofresearchers. The goal is to make governors more independent,according to a release the lawmakers issued on Thursday inWashington announcing their proposal.
Warren, a Massachusetts Democrat, and Vitter, a LouisianaRepublican, both sit on the Senate Banking Committee. Thoughthey’re members of opposing parties, both have been outspokenproponents of greater Fed accountability.
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