Federal Register #2026-21061

Presidential memorandum establishes inquiry into allegations involving Federal Reserve Governor Lisa D. Cook

The Executive Office of the President issued a Presidential memorandum establishing an inquiry into allegations involving Federal Reserve Governor Lisa D. Cook. - Government entity: Executive Office of the President. - Committee members: Assistant to the President for Economic Policy; Chairman of the Equal Employment Opportunity Commission; and Director of the Office of Government Ethics. The committee may consult relevant executive agency personnel. - Purpose and process: Investigate allegations that Cook made false statements connected with mortgage instruments. The committee will hold a closed, transcribed hearing and give Cook an opportunity to respond and present evidence. - Outcome: The committee will provide findings and recommend to the President whether there is cause to remove Cook from the Federal Reserve Board of Governors. - Procurement status: This is a Presidential memorandum, not a procurement opportunity. No products, services, OEMs, or vendors are identified.

Description

The memorandum establishes a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements in connection with one or more mortgage instruments. The committee is directed to hold a closed, transcribed hearing on November 5, 2026, and provide Governor Cook an opportunity to submit statements, evidence, and witness statements. After the hearing, the committee will submit findings and conclusions to the President and recommend whether there is cause to remove Governor Cook from the Federal Reserve Board of Governors. This is a Presidential Document, not a procurement solicitation.

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