HR-24 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2017-09-21CalendarsPlaced on the Union Calendar, Calendar No. 228.House floor actions
2017-09-21CommitteeReported by the Committee on Oversight and Government Reform. H. Rept. 115-318.House floor actions
2017-03-28CommitteeOrdered to be Reported by Voice Vote.House committee actions
2017-03-28CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-01-03IntroReferralReferred to the House Committee on Oversight and Government Reform.House floor actions
2017-01-03IntroReferralIntroduced in HouseLibrary of Congress

Sponsor :

Rep. Massie, Thomas [R-KY-4]
See Cosponsors

Policy Area :

Finance and Financial Sector
See Subjects
  • Accounting and auditing
  • Bank accounts, deposits, capital
  • Congressional oversight
  • Federal Reserve System
  • Government studies and investigations

Related Bills

See Related Bills