To enhance Federal Reserve transparency.

HR 3467 enhances transparency by requiring the Federal Reserve to provide specific information to congressional committees. It mandates that the Fed share details about credit facilities and nonpublic personal data with the House Financial Services and Senate Banking committees, with confidentiality safeguards allowing the Chair to redact sensitive portions. The bill shortens reporting timelines from 24 to 12 months for certain disclosures and adds requirements for the Fed to include taxpayer cost estimates in reports. These changes directly affect the Federal Reserve Board’s reporting obligations to Congress under the Federal Reserve Act and the Dodd-Frank Act. The provisions aim to improve congressional oversight while maintaining appropriate confidentiality for sensitive information.