Federal Reserve Transparency Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 3, 2019)
Federal Reserve Transparency Act of 2019
This bill establishes requirements regarding audits of certain financial agencies performed by the Government Accountability Office (GAO).
Specifically, the bill directs the 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 happenedJan 3, 2019
Referred to the House Committee on Oversight and Reform.
Who’s behind it
- Introduced in HouseJan 3, 2019
- Jan 3, 2019IntroReferralH11100
Referred to the House Committee on Oversight and Reform.
Oversight and Accountability Committee - Jan 3, 2019IntroReferralIntro-H
Introduced in House
- Jan 3, 2019IntroReferral1000
Introduced in House