H.R.24 - Federal Reserve Transparency Act of 2015114th Congress (2015-2016) |
| Sponsor: | Rep. Massie, Thomas [R-KY-4] (Introduced 01/06/2015) |
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| Committees: | House - Oversight and Government Reform |
| Committee Reports: | H. Rept. 114-692 |
| Latest Action: | 07/14/2016 Placed on the Union Calendar, Calendar No. 536. (All Actions) |
Tracker:
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Subject — Policy Area:
- Finance and Financial Sector
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Summary (2)
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Text (2)
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Actions (6)
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Titles (3)
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Amendments (0)
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Cosponsors (201)
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Committees (1)
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Related Bills (3)
Summary: H.R.24 — 114th Congress (2015-2016)All Bill Information (Except Text)
Shown Here:
Reported to House amended (07/14/2016)
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.