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 SESSION” mentioning the Federal Reserve System was published in the Senate section on pages S5299-S5300 on Aug. 1, 2019.
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 SESSION
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EXECUTIVE CALENDAR
Mr. McCONNELL. Mr. President, I move to proceed to executive session to consider Calendar No. 333.
The PRESIDING OFFICER. The question is on agreeing to the motion.
The motion was agreed to.
The clerk will report the nomination.
The senior assistant legislative clerk read the nomination of Michelle Bowman, of Kansas, to be a Member of the Board of Governors of the Federal Reserve System for a term of fourteen years from February 1, 2020. (Reappointment)
Cloture Motion
Mr. McCONNELL. Mr. President, I send a cloture motion to the desk.
The PRESIDING OFFICER. The cloture motion having been presented under rule XXII, the Chair directs the clerk to read the motion.
The senior assistant legislative clerk read as follows:
Cloture Motion
We, the undersigned Senators, in accordance with the provisions of rule XXII of the Standing Rules of the Senate, do hereby move to bring to a close debate on the nomination of Michelle Bowman, of Kansas, to be a Member of the Board of Governors of the Federal Reserve System for a term of fourteen years from February 1, 2020. (Reappointment)
Mitch McConnell, John Cornyn, Mike Crapo, Shelley Moore
Capito, Mike Rounds, John Boozman, Thom Tillis, Richard
Burr, James E. Risch, Jerry Moran, David Perdue, Roy
Blunt, Kevin Cramer, Roger F. Wicker, Tom Cotton, John
Barrasso, Steve Daines.
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