15 U.S.C. § 9048 — Temporary Government in the Sunshine Act relief
submitted 6 years ago by Pub. L. 116-136 to r/title-15-COMMERCE-AND-TRADE · 141 words · no verdicts yet
This section allows the Federal Reserve Board to hold certain meetings without the usual Sunshine Act requirements during a limited period when unusual and exigent circumstances are determined in writing. The Board must keep records of its votes and reasons.
(a) In general Except as provided in subsection (b), notwithstanding any other provision of law, if the Chairman of the Board of Governors of the Federal Reserve System determines, in writing, that unusual and exigent circumstances exist, the Board may conduct meetings without regard to the requirements of section 552b of title 5 during the period beginning on March 27, 2020 , and ending on the earlier of— (1) the date on which the national emergency concerning the novel coronavirus* disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) terminates; or (2) December 31, 2020 . (b) Records The Board of Governors of the Federal Reserve System must keep a record of all Board votes and the reasons for such votes during the period described in subsection (a).
Except as provided in subsection (b), notwithstanding any other provision of law, if the Chairman of the Board of Governors of the Federal Reserve System determines, in writing, that unusual and exigent circumstances exist, the Board may conduct meetings without regard to the requirements of section 552b of title 5 during the period beginning on March 27, 2020, and ending on the earlier of—
the date on which the national emergency concerning the novel coronavirus* disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates; or
December 31, 2020.
The Board of Governors of the Federal Reserve System shall keep a record of all Board votes and the reasons for such votes during the period described in subsection (a).
Source credit: (Pub. L. 116–136, div. A, title IV, § 4009, Mar. 27, 2020, 134 Stat. 478.)
- 2020Enacted · Pub. L. 116-136 · 134 Stat. 478
A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-136 on 2020-03-27.
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