All Information (Except Text) for H.R.459 - Federal Reserve Transparency Act of 2012112th Congress (2011-2012)
Bill
Hide Overview| Sponsor: | Rep. Paul, Ron [R-TX-14] (Introduced 01/26/2011) |
|---|---|
| Committees: | House - Oversight and Government Reform; Financial Services |
| Committee Reports: | H. Rept. 112-607 |
| Latest Action: | Senate - 01/01/2013 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 580. (All Actions) |
| Roll Call Votes: | There has been 1 roll call vote |
Tracker:
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Introduced
- Passed House
Subject — Policy Area:
- Finance and Financial Sector
- View subjects
There are 4 versions of this bill. View text
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Titles (5)
Short Titles
Short Titles - House of Representatives
Short Titles as Passed House
Federal Reserve Transparency Act of 2012
Short Titles as Reported to House
Federal Reserve Transparency Act of 2012
Short Titles as Introduced
Federal Reserve Transparency Act of 2011
Official Titles
Official Titles - House of Representatives
Official Titles as Amended by House
To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
Official Title as Introduced
To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012, and for other purposes.
Actions Overview (4)
| Date | Actions Overview |
|---|---|
| 07/25/2012 | Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 327 - 98 (Roll no. 513). |
| 07/18/2012 | Committee on Financial Services discharged. |
| 07/17/2012 | Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 112-607, Part I. |
| 01/26/2011 | Introduced in House |
All Actions (22)
| Date | Chamber | All Actions |
|---|---|---|
| 01/01/2013 | Senate | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 580. |
| 12/30/2012 | Senate | Read the first time. Placed on Senate Legislative Calendar under Read the First Time. |
| 07/26/2012 | Senate | Received in the Senate. |
| 07/25/2012-2:59pm | House | The title of the measure was amended. Agreed to without objection. |
| 07/25/2012-2:59pm | House | Motion to reconsider laid on the table Agreed to without objection. |
| 07/25/2012-2:59pm | House | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 327 - 98 (Roll no. 513). |
| 07/25/2012-2:51pm | House | Considered as unfinished business. (consideration: CR H5224-5225) |
| 07/24/2012-4:01pm | House | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. |
| 07/24/2012-3:41pm | House | DEBATE - The House resumed debate on H.R. 459, as amended. |
| 07/24/2012-3:10pm | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 459. |
| 07/24/2012-3:10pm | House | Considered under suspension of the rules. (consideration: CR H5150-5162; text of measure as reported in House: CR H5150) |
| 07/24/2012-3:10pm | House | Mr. Issa moved to suspend the rules and pass the bill, as amended. |
| 07/18/2012 | House | Placed on the Union Calendar, Calendar No. 441. |
| 07/18/2012 | House | Committee on Financial Services discharged. |
| 07/17/2012 | House | Referred sequentially to the House Committee on Financial Services for a period ending not later than July 18, 2012 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(h) of rule X. |
| 07/17/2012 | House | Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 112-607, Part I. |
| 06/27/2012 | House | Ordered to be Reported (Amended) by Voice Vote. Action By: Committee on Oversight and Government Reform |
| 06/27/2012 | House | Committee Consideration and Mark-up Session Held. Action By: Committee on Oversight and Government Reform |
| 02/08/2011 | House | Referred to the Subcommittee on Government Organization, Efficiency, and Financial Management . Action By: Committee on Oversight and Government Reform |
| 01/26/2011 | House | Referred to the House Committee on Oversight and Government Reform. |
| 01/26/2011 | House | Sponsor introductory remarks on measure. (CR E128) |
| 01/26/2011 | House | Introduced in House |
Cosponsors (274)
Committees (2)
Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.
| Committee / Subcommittee | Date | Activity | Reports |
|---|---|---|---|
| House Oversight and Government Reform | 01/26/2011 | Referred to | |
| 06/27/2012 | Markup by | ||
| 07/17/2012 | Reported by | H. Rept. 112-607 |
|
| House Oversight and Government Reform Subcommittee on Government Organization, Efficiency, and Financial Management | 02/08/2011 | Referred to | |
| House Financial Services | 07/17/2012 | Referred to | |
| 07/18/2012 | Discharged from |
Subjects (7)
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (3)
Shown Here:
Passed House amended (07/25/2012)
(This measure has not been amended since it was reported to the House on July 17, 2012. The summary of that version is repeated here.)
Federal Reserve Transparency Act of 2012 - Directs the Comptroller General to: (1) complete, within 12 months of enactment of this Act, the required audit of the Board of Governors of the Federal Reserve System (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.
Repeals certain limitations placed upon such audit.
Instructs the Comptroller General to audit and report on the review of loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Board against supervised financial institutions. Prescribes audit contents, including: (1) the guidance given by the Board to independent consultants retained by the supervised financial institutions regarding procedures to be followed in conducting the file reviews, (2) the factors considered by independent consultants when evaluating loan files and the results obtained pursuant to those reviews, and (3) the determinations made by such consultants regarding the nature and extent of financial injury sustained by each homeowner as well as the level and type of remediation offered.