H.R.4316 - A bill to authorize and direct the General Accounting Office to audit the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee and Federal Reserve banks and their branches.94th Congress (1975-1976)
|Sponsor:||Rep. Patman, Wright [D-TX-1] (Introduced 03/05/1975)|
|Committees:||House - Banking, Currency, and Housing|
|Latest Action:||House - 03/05/1975 Referred to House Committee on Banking, Currency and Housing. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4316 — 94th Congress (1975-1976)All Information (Except Text)
Introduced in House (03/05/1975)
Directs the Comptroller General to audit annually the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and all Federal Reserve banks and branches.
Requires the Comptroller General to report to the Congress within six months after the end of each fiscal year on the results of the audit. States that such report shall specifically indicate any program, financial transaction, or undertaking observed in the course of the audit which in the opinion of the Comptroller General has been carried out without legal authority.