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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Federal Reserve Transparency Act of 2017

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill 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.


Actions Overview (1)

Date
01/03/2017 Introduced in Senate

All Actions (1)

Date
01/03/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Action By: Senate

Committees (1)

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
Senate Banking, Housing, and Urban Affairs01/03/2017 Referred to

Related Bills (1)

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Subjects (6)

  • Accounting and auditing
  • Bank accounts, deposits, capital
  • Congressional oversight
  • Federal Reserve System
  • Government studies and investigations

Latest Summary (1)

There is one summary for S.16. View summaries

Shown Here:
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.