12 U.S.C. § 225b — Appearances before and reports to the Congress

(a) Appearances before Congress (1) In general: The Chairman of the Board must appear before Congress twice a year. These hearings cover what the Board and the Federal Open Market Committee are doing about monetary policy, and what the economy might do next. (2) Schedule: (A) The Chairman testifies before the House Committee on Banking and Financial Services around February 20 in even-numbered years and around July 20 in odd-numbered years. (B) The Chairman testifies before the Senate Committee on Banking, Housing, and Urban Affairs around July 20 in even-numbered years and around February 20 in odd-numbered years. (C) After testifying before one of those committees, the Chairman must also testify before the other one, if that committee asks. (b) Congressional report: Each time the Chairman testifies, the Board must send a written report to both committees. The report must cover monetary policy and the economy's future, looking at things like jobs, unemployment, production, investment, income, productivity, exchange rates, trade, and prices. (c) Public access to information: The Board's website must have a link called "Audit." That link must lead to a page where the public can find certain information for at least 6 months after it comes out. The page must include: (1) reports from the Comptroller General required under a different law; (2) yearly financial statements from an independent auditor; (3) reports to the Senate Banking Committee about emergency lending authority; and (4) any other information the Board believes the public needs to understand its accounting, financial reporting, and internal controls.