US HB24 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 98-5)
Status: Introduced on January 3 2019 - 25% progression, died in committee
Action: 2019-01-03 - Referred to the House Committee on Oversight and Reform.
Pending: House Oversight and Reform Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2019 - 25% progression, died in committee
Action: 2019-01-03 - 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.
Title
Federal Reserve Transparency Act of 2019
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-01-03 | House | Referred to the House Committee on Oversight and Reform. |
2019-01-03 | House | Introduced in House |
Same As/Similar To
SB148 (Related) 2019-01-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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/116th-congress/house-bill/24/all-info |
Text | https://www.congress.gov/116/bills/hr24/BILLS-116hr24ih.pdf |