Sens. Rick Scott, Elizabeth Warren join forces for Federal Reserve oversight bill

Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill

WASHINGTON -- A conservative Republican and a progressive Democrat in the U.S. Senate are introducing legislation on Wednesday to replace the Federal Reserve's internal watchdog with one appointed by the president, aiming to tighten bank supervision following the failures of Silicon Valley Bank and Signature Bank.

Rick Scott, Liz Warren Unveil Bipartisan Fed Oversight Bill

Rick Scott, Liz Warren Unveil Bipartisan Fed Oversight Bill Sens. Rick Scott (R-FL) and Elizabeth Warren (D-MA) are introducing legislation on Wednesday which would replace the Federal Reserve's internal watchdog with one appointed by the president, following the failures of Silicon Valley Bank and Signature Bank. "Our legislation fixes that by establishing a presidentially-appointed, Senate-confirmed inspector general at the Fed, like every ot…

Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill

A conservative Republican and a progressive Democrat in the U.S. Senate are introducing legislation on Wednesday to replace the Federal Reserve's internal watchdog with one appointed by the president, aiming to tighten bank supervision following the failures of Silicon Valley Bank and Signature Bank.

Republican Sen. Rick Scott, Democrat Warren unveil Fed oversight bill

WASHINGTON -- A conservative Republican and a progressive Democrat in the Senate introduced legislation Wednesday to replace the Federal Reserve's internal watchdog with one appointed by the president, aiming to tighten bank supervision following the failures of Silicon Valley Bank…

Sens. Rick Scott, Elizabeth Warren join forces for Federal Reserve oversight bill

Sens. Rick Scott (R-Fla.) and Elizabeth Warren (D-Mass.) on Wednesday unveiled legislation that would beef up oversight of the Federal Reserve following two high-profile bank failures. The bill would require an independent inspector general, who would be appointed by the president and confirmed by the Senate, to oversee Federal Reserve Board of Governors and the […]