Recovery law allows Fed to rope off public as it spends billions

[homersapien 11,449]

https://www.politico.com/news/2020/04/09/coronavirus-recovery-bill-fed-records-176371

A little-noticed provision of the Senate bill exempts board members from a wide swath of the federal open-meetings law.

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.

The provision, the existence of which has not been previously reported, further calls into question the transparency and oversight for the biggest bailout law ever passed by Congress. President Donald Trump has indicated he does not plan to comply with another part of the new law intended to boost Congress’ oversight powers of the bailout funds. And earlier this week, Trump dismissed the government official chosen as the chief watchdog for the stimulus package.........