The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“EXECUTIVE CALENDAR” mentioning the Federal Reserve System was published in the Senate section on pages S6331 on Oct. 5, 2017.
The Federal Reserve is the US's central bank, expanding many times during great financial uncertainty and panic. It has faced numerous criticisms since its creation in 1913, such as making the Great Depression worse and for lacking transparency and audits.
The publication is reproduced in full below:
EXECUTIVE CALENDAR
Mr. CRAPO. Mr. President, I ask unanimous consent that the Senate proceed to the consideration of the following nomination: Executive Calendar No. 303.
The PRESIDING OFFICER. Without objection, it is so ordered.
The clerk will report the nomination.
The senior assistant legislative clerk read the nomination of Randal Quarles, of Colorado, to be Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System for a term of four years.
Mr. CRAPO. Mr. President, I ask unanimous consent that the Senate vote on the nomination with no intervening action or debate; that if confirmed, the motion to reconsider be considered made and laid upon the table; that the President be immediately notified of the Senate's action; that no further motions be in order; that any statements relating to the nomination be printed in the Record; and that the Senate then resume consideration of the Gingrich nomination.
One modification, Mr. President. I am striking the portion of this unanimous consent request relating to the Gingrich nomination.
The PRESIDING OFFICER. Without objection, it is so ordered.
Is there further debate on the nomination?
Hearing none, the question is, Will the Senate advise and consent to the Quarles nomination?
The nomination was confirmed.
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