US SB16 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Republican 17-0)
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - 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]
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - 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]
Summary
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.
Title
Federal Reserve Transparency Act of 2017
Sponsors
Sen. Rand Paul [R-KY] | Sen. John Barrasso [R-WY] | Sen. Roy Blunt [R-MO] | Sen. Cory Gardner [R-CO] |
Sen. Chuck Grassley [R-IA] | Sen. Dean Heller [R-NV] | Sen. Mike Lee [R-UT] | Sen. Rob Portman [R-OH] |
Sen. James Risch [R-ID] | Sen. Johnny Isakson [R-GA] | Sen. Tim Scott [R-SC] | Sen. John Boozman [R-AR] |
Sen. Shelley Capito [R-WV] | Sen. Todd Young [R-IN] | Sen. James Lankford [R-OK] | Sen. Marco Rubio [R-FL] |
Sen. Steve Daines [R-MT] |
History
Date | Chamber | Action |
---|---|---|
2017-01-03 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB24 (Same As) 2017-09-21 - Placed on the Union Calendar, Calendar No. 228.
Subjects
Accounting and auditing
Bank accounts, deposits, capital
Congressional oversight
Federal Reserve System
Finance and financial sector
Government studies and investigations
Bank accounts, deposits, capital
Congressional oversight
Federal Reserve System
Finance and financial sector
Government studies and investigations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/16/all-info |
Text | https://www.congress.gov/115/bills/s16/BILLS-115s16is.pdf |