WASHINGTON — Rep. Scott Garrett, R-N.J., a senior member of the House Financial Services Committee, introduced a bill Thursday designed to increase transparency at the Financial Stability Oversight Council.

The bill would open up FSOC meetings, often held behind closed doors, to greater participation from regulators and lawmakers, after Garrett said in a press release that he was recently barred from joining a March 27 gathering. The financial oversight group has also recently come under fire by two Securities and Exchange Commission commissioners for undercutting the agency's work.

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