S.16 - Federal Reserve Transparency Act of 2017115th Congress (2017-2018)
|Sponsor:||Sen. Paul, Rand [R-KY] (Introduced 01/03/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 01/03/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
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Summary: S.16 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (01/03/2017)
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.