April 9, 2020

BECAUSE THEY’RE SWAMP CREATURES. THAT’S WHAT THEY DO. In another episode of “We Have to Pass It to See What’s In It” it turns out that the COVID bill exempts the Federal Reserve from their obligation under the law to make their records public. Politico reports that:

“Tucked into the recent recovery bill was a provision granting the Federal Reserve the right to set up a $450 billion bailout plan without following key provisions of the federal open meetings law, including announcing its meetings or keeping most records about them, according to a POLITICO review of the legislation.”

Even worse, when contacted by POLITICO, the Senators wouldn’t take ownership of the provision:

Spokespeople for Sens. Mike Crapo (R-Idaho) and Sherrod Brown (D-Ohio), the chairman and ranking member on the Senate Banking committee, declined to comment on how the change was added to the recovery bill or who requested it.

Oh, yeah, I said some stuff, too.

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