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.
USA115th CongressS-16| Senate
| Updated: 1/3/2017
Rand Paul
Republican Senator
Kentucky
Cosponsors (16)
Dean Heller (Republican)Mike Lee (Republican)James E. Risch (Republican)Todd Young (Republican)John Boozman (Republican)Roy Blunt (Republican)Tim Scott (Republican)James Lankford (Republican)John Barrasso (Republican)Johnny Isakson (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Rob Portman (Republican)Steve Daines (Republican)Shelley Moore Capito (Republican)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations
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.
USA115th CongressS-16| Senate
| Updated: 1/3/2017
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Rand Paul
Republican Senator
Kentucky
Cosponsors (16)
Dean Heller (Republican)Mike Lee (Republican)James E. Risch (Republican)Todd Young (Republican)John Boozman (Republican)Roy Blunt (Republican)Tim Scott (Republican)James Lankford (Republican)John Barrasso (Republican)Johnny Isakson (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Rob Portman (Republican)Steve Daines (Republican)Shelley Moore Capito (Republican)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations