US Congress Senate Bill 148 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 9-0)
Status: Introduced on January 16 2019 - 25% progression, died in committee
Action: 2019-01-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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.

Federal Reserve Transparency Act of 2019

Sen. Rand Paul [R-KY]	Sen. Mike Lee [R-UT]	Sen. John Barrasso [R-WY]	Sen. Roy Blunt [R-MO]
Sen. John Boozman [R-AR]	Sen. James Lankford [R-OK]	Sen. Rob Portman [R-OH]	Sen. Todd Young [R-IN]
Sen. Steve Daines [R-MT]

Date	Chamber	Action
2019-01-16	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB24 (Related) 2019-01-03 - Referred to the House Committee on Oversight and Reform.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/148/all-info
Text	https://www.congress.gov/116/bills/s148/BILLS-116s148is.pdf