The amendment from Republican Senator David Vitter was defeated after both Democrats and Republicans warned that it
would compromise the independence of the U.S. central bank.
"The Vitter amendment unfortunately has as its basic purpose the disassembling of this independence," said
Republican Senator Judd Gregg in Senate floor debate.
The vote came immediately after approval of a related amendment that would order a congressional investigation of the
Fed's emergency lending during the 2008-2009 financial crisis,
and force the Fed to disclose the names of those it assisted.
Both measures were offered as amendments to a major Wall Street reform bill still being considered in the Senate.
(Reporting by Kevin
Drawbaugh, Editing by Chizu Nomiyama)
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