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Bill114th CongressFiled Jan 6, 2015Finance and Financial Sector
H.R. 24

Federal Reserve Transparency Act of 2015

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What it doesSummary reported to house with amendment(s) (Jul 14, 2016)

Federal Reserve Transparency Act of 2015

(Sec. 2) This bill directs the Government Accountability Office to: (1) complete, within 12 months of enactment, the required audit of the Board of Governors of the Federal Reserve System (Federal Reserve Board) and of the Federal Reserve Banks; and (2) submit to Congress, within 90 days of audit completion, a detailed report of audit findings and conclusions.

The bill repeals certain limitations placed upon audits of the Federal Reserve Board and Federal Reserve banks concerning: (1) international financial transactions, (2) deliberations or actions on monetary policy matters, (3) transactions made under the direction of the Federal Open Market Committee, or (4) a part of a discussion or communication among members of the Federal Reserve Board and officers and employees of the Federal Reserve System related to these matters.

What just happenedJul 14, 2016

Placed on the Union Calendar, Calendar No. 536.

Who’s behind it

Rep. Massie, Thomas [R-KY-4](R-KY)Sponsor
201 cosponsors10 D191 R
Read on Congress.gov
201cosponsors1committees8actions3related bills6subjects
  • Reported in HouseJul 14, 2016
  • Introduced in HouseJan 6, 2015
  1. Jul 14, 2016CalendarsH12410

    Placed on the Union Calendar, Calendar No. 536.

  2. Jul 14, 2016CommitteeH12200

    Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 114-692.

  3. Jul 14, 2016Committee5000

    Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 114-692.

  4. May 17, 2016Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

  5. May 17, 2016Committee

    Committee Consideration and Mark-up Session Held.

  6. Jan 6, 2015IntroReferralH11100

    Referred to the House Committee on Oversight and Government.

  7. Jan 6, 2015IntroReferralIntro-H

    Introduced in House

  8. Jan 6, 2015IntroReferral1000

    Introduced in House

Reported to House with amendment(s)Jul 14, 201617

Federal Reserve Transparency Act of 2015

(Sec. 2) This bill directs the Government Accountability Office to: (1) complete, within 12 months of enactment, the required audit of the Board of Governors of the Federal Reserve System (Federal Reserve Board) and of the Federal Reserve Banks; and (2) submit to Congress, within 90 days of audit completion, a detailed report of audit findings and conclusions.

The bill repeals certain limitations placed upon audits of the Federal Reserve Board and Federal Reserve banks concerning: (1) international financial transactions, (2) deliberations or actions on monetary policy matters, (3) transactions made under the direction of the Federal Open Market Committee, or (4) a part of a discussion or communication among members of the Federal Reserve Board and officers and employees of the Federal Reserve System related to these matters.

Introduced in HouseJan 6, 2015

Federal Reserve Transparency Act of 2015

This bill directs the Government Accountability Office to: (1) complete, within 12 months of enactment, the required audit of the Board of Governors of the Federal Reserve System (Federal Reserve Board) and of the Federal Reserve Banks; and (2) submit to Congress, within 90 days of audit completion, a detailed report of audit findings and conclusions.

The bill repeals certain limitations placed upon audits of the Federal Reserve Board and Federal Reserve banks.

Federal Reserve Transparency Act of 2015 — Informed