US HB459 | 2011-2012 | 112th Congress
Status
January 1 2013 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 580.
Text: Latest bill text (Introduced) [PDF]
Text: Latest bill text (Introduced) [PDF]
Summary
Federal Reserve Transparency Act of 2012 - Directs the Comptroller General to: (1) complete, within 12 months of enactment of this Act, the required audit of the Board of Governors of the Federal Reserve System (Board) and of the Federal Reserve Banks; and (2) submit to Congress, within 90 days of audit completion, a detailed report of audit findings and conclusions. Repeals certain limitations placed upon such audit. Instructs the Comptroller General to audit and report on the review of loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Board against supervised financial institutions. Prescribes audit contents, including: (1) the guidance given by the Board to independent consultants retained by the supervised financial institutions regarding procedures to be followed in conducting the file reviews, (2) the factors considered by independent consultants when evaluating loan files and the results obtained pursuant to those reviews, and (3) the determinations made by such consultants regarding the nature and extent of financial injury sustained by each homeowner as well as the level and type of remediation offered.
Title
Federal Reserve Transparency Act of 2012
Sponsors
Roll Calls
2012-07-25 - On Motion to Suspend the Rules and Pass, as Amended (Y: 327 N: 98 NV: 6 Abs: 0) [PASS]
2012-07-25 - On Motion to Suspend the Rules and Pass, as Amended (Y: 327 N: 98 NV: 6 Abs: 0) [PASS]
2012-07-25 - On Motion to Suspend the Rules and Pass, as Amended (Y: 327 N: 98 NV: 6 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-01 | Senate | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 580. |
| 2012-12-30 | Senate | Read the first time. Placed on Senate Legislative Calendar under Read the First Time. |
| 2012-07-26 | Senate | Received in the Senate. |
| 2012-07-25 | House | The title of the measure was amended. Agreed to without objection. |
| 2012-07-25 | House | Motion to reconsider laid on the table Agreed to without objection. |
| 2012-07-25 | House | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 327 - 98 (Roll no. 513). |
| 2012-07-25 | House | Considered as unfinished business. (consideration: CR H5224-5225) |
| 2012-07-24 | House | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. |
| 2012-07-24 | House | DEBATE - The House resumed debate on H.R. 459, as amended. |
| 2012-07-24 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 459. |
| 2012-07-24 | House | Considered under suspension of the rules. (consideration: CR H5150-5162; text of measure as reported in House: CR H5150) |
| 2012-07-24 | House | Mr. Issa moved to suspend the rules and pass the bill, as amended. |
| 2012-07-18 | House | Placed on the Union Calendar, Calendar No. 441. |
| 2012-07-18 | House | Committee on Financial Services discharged. |
| 2012-07-17 | House | Referred sequentially to the House Committee on Financial Services for a period ending not later than July 18, 2012 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(h) of rule X. |
| 2012-07-17 | House | Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 112-607, Part I. |
| 2012-06-27 | House | Ordered to be Reported (Amended) by Voice Vote. |
| 2012-06-27 | House | Committee Consideration and Mark-up Session Held. |
| 2011-02-08 | House | Referred to the Subcommittee on Government Organization, Efficiency, and Financial Management . |
| 2011-01-26 | House | Referred to the House Committee on Oversight and Government Reform. |
| 2011-01-26 | House | Sponsor introductory remarks on measure. (CR E128) |
Same As/Similar To
SB202 (Same As) 2011-01-26 - Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S282-283)
HB1496 (Related) 2011-04-27 - Referred to the Subcommittee on Government Organization, Efficiency, and Financial Management.
HB1496 (Related) 2011-04-27 - Referred to the Subcommittee on Government Organization, Efficiency, and Financial Management.
Subjects
Accounting and auditing
Bank accounts, deposits, capital
Congressional oversight
Federal Reserve System
Finance and financial sector
Government studies and investigations
Housing finance and home ownership
Bank accounts, deposits, capital
Congressional oversight
Federal Reserve System
Finance and financial sector
Government studies and investigations
Housing finance and home ownership
