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Bill115th CongressFiled Jan 3, 2017Finance and Financial Sector
H.R. 24

Federal Reserve Transparency Act of 2017

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
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Law

What it doesSummary reported to house without amendment (Sep 21, 2017)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Federal Reserve Transparency Act of 2017

(Sec. 2) This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks.

In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to: (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.

What just happenedSep 21, 2017

Placed on the Union Calendar, Calendar No. 228.

Who’s behind it

Rep. Massie, Thomas [R-KY-4](R-KY)Sponsor
114 cosponsors5 D109 R
Read on Congress.gov
114cosponsors1committees8actions2related bills5subjects
  1. Sep 21, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 228.

  2. Sep 21, 2017CommitteeH12200

    Reported by the Committee on Oversight and Government Reform. H. Rept. 115-318.

    Oversight and Accountability Committee
  3. Sep 21, 2017Committee5000

    Reported by the Committee on Oversight and Government Reform. H. Rept. 115-318.

    Oversight and Accountability Committee
  4. Mar 28, 2017Committee

    Ordered to be Reported by Voice Vote.

    Oversight and Accountability Committee
  5. Mar 28, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Oversight and Accountability Committee
  6. Jan 3, 2017IntroReferralH11100

    Referred to the House Committee on Oversight and Government Reform.

    Oversight and Accountability Committee
  7. Jan 3, 2017IntroReferralIntro-H

    Introduced in House

  8. Jan 3, 2017IntroReferral1000

    Introduced in House

Reported to House without amendmentSep 21, 201779

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Federal Reserve Transparency Act of 2017

(Sec. 2) This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks.

In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to: (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.

Introduced in HouseJan 3, 2017

Federal Reserve Transparency Act of 2017

This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks.

In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to: (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.

Federal Reserve Transparency Act of 2017 — Informed