US HB24 | 2021-2022 | 117th Congress

Status

Spectrum: Partisan Bill (Republican 53-0)
Status: Introduced on January 4 2021 - 25% progression
Action: 2021-01-04 - Referred to the House Committee on Oversight and Reform.
Pending: House Oversight and Reform Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Establishes requirements regarding audits of certain financial agencies performed by the Government Accountability Office (GAO). Specifically, the bill directs the 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.

Tracking Information

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Title

Federal Reserve Transparency Act of 2021

Sponsors


History

DateChamberAction
2021-01-04HouseReferred to the House Committee on Oversight and Reform.
2021-01-04HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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