Amends 12 U.S.C. 263 by changing the required meeting frequency language in subsection (a) and adding a new subsection (d) that requires public release of a policy statement and a press conference on the day of each meeting described in subsection (a)'s fifth sentence, and requires release of meeting minutes within 21 days after each meeting.

Adds a new section ("34 Financial Stability Report") to the Federal Reserve Act requiring the Board of Governors to prepare and publicly release a Financial Stability Report within 180 days of enactment and every 180 days thereafter.