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 REPORTS OF COMMITTEES” mentioning the Federal Reserve System was published in the Senate section on pages S4346 on July 21, 2020.
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 REPORTS OF COMMITTEES
The following executive reports of nominations were submitted:
By Mr. CRAPO for the Committee on Banking, Housing, and Urban Affairs.
*Judy Shelton, of California, to be a Member of the Board of Governors of the Federal Reserve System for the unexpired term of fourteen years from February 1, 2010.
*Christopher Waller, of Minnesota, to be a Member of the Board of Governors of the Federal Reserve System for a term of fourteen years from February 1, 2016.
By Mr. ENZI for the Committee on the Budget.
*Derek Kan, of California, to be Deputy Director of the Office of Management and Budget.
*Nomination was reported with recommendation that it be confirmed subject to the nominee's commitment to respond to requests to appear and testify before any duly constituted committee of the Senate.
(Nominations without an asterisk were reported with the recommendation that they be confirmed.)
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