H.AMDT.7 to H.R.384

Amendment inserted a new title which required the Federal Reserve to disclose the details of the request process used to select the investment managers; disclose the details of the contracts reached with the investment managers, including price; and disclose the steps that each investment manager has taken to ensure that the program is free of conflicts of interest or an unfair advantage.

H.AMDT.7(A006)
Amends: H.R.384
Sponsor: Rep Murphy, Patrick J. [PA-8](offered 1/15/2009)

AMENDMENT DESCRIPTION:
Amendment inserted a new title which required the Federal Reserve to disclose the details of the request process used to select the investment managers; disclose the details of the contracts reached with the investment managers, including price; and disclose the steps that each investment manager has taken to ensure that the program is free of conflicts of interest or an unfair advantage.

AMENDMENT PURPOSE:
An amendment printed 7 printed in House Report 111-3 to require the Federal Reserve to disclose detailed information regarding the Federal Reserves Mortgage-Backed Securities purchase program.

STATUS:

    1/15/2009 12:59pm:
    Amendment (A006) offered by Mr. Murphy, Patrick. (consideration: CR H363-365, H367; text: CR H363)
    1/15/2009 2:03pm:
    On agreeing to the Murphy, Patrick amendment (A006) Agreed to by recorded vote: 426 - 0 (Roll no. 22).

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