US Congress Senate Bill 209 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 32-1)
Status: Introduced on February 4 2013 - 25% progression, died in chamber
Action: 2013-02-07 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.
Text: Latest bill text (Introduced) [PDF]

Federal Reserve Transparency Act of 2013 - Directs the Comptroller General (GAO) 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 (GAO) 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.

Federal Reserve Transparency Act of 2013

Sen. Rand Paul [R-KY]	Sen. Kelly Ayotte [R-NH]	Sen. John Barrasso [R-WY]	Sen. Mark Begich [D-AK]
Sen. John Boozman [R-AR]	Sen. Richard Burr [R-NC]	Sen. Saxby Chambliss [R-GA]	Sen. Tom Coburn [R-OK]
Sen. Thad Cochran [R-MS]	Sen. Susan Collins [R-ME]	Sen. John Cornyn [R-TX]	Sen. Mike Crapo [R-ID]
Sen. Ted Cruz [R-TX]	Sen. Michael Enzi [R-WY]	Sen. Lindsey Graham [R-SC]	Sen. Chuck Grassley [R-IA]
Sen. Orrin Hatch [R-UT]	Sen. Dean Heller [R-NV]	Sen. Johnny Isakson [R-GA]	Sen. Mark Kirk [R-IL]
Sen. Mike Lee [R-UT]	Sen. Mitch McConnell [R-KY]	Sen. Jerry Moran [R-KS]	Sen. Lisa Murkowski [R-AK]
Sen. Rob Portman [R-OH]	Sen. James Risch [R-ID]	Sen. Pat Roberts [R-KS]	Sen. Marco Rubio [R-FL]
Sen. Tim Scott [R-SC]	Sen. Jeff Sessions [R-AL]	Sen. John Thune [R-SD]	Sen. Pat Toomey [R-PA]
Sen. David Vitter [R-LA]

Date	Chamber	Action
2013-02-07	Senate	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.
2013-02-04	Senate	Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

HB24 (Related) 2014-09-18 - Received in the Senate.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/209/all-info
Text	https://www.congress.gov/113/bills/s209/BILLS-113s209pcs.pdf