To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require voting members of the Financial Stability Oversight Council to testify before Congress at least twice each year when requested to do so or to otherwise permit certain Members of Congress to attend meetings of the Council whether or not such meetings are open to the public.

“(k) Testimony before Congress—Each member of the Council named in subsection (b)(1) shall testify at least twice each calendar year before the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, when invited by such committees to testify. Members of Congress who serve as members of either such committee shall be permitted to attend any meeting of the Council regardless of whether the meeting is open to the public, if in any calendar year, any member of the Council who has been invited at least twice by each such committee fails to testify at least twice before each such committee.”