summary
Introduced
03/03/2021
03/03/2021
In Committee
03/03/2021
03/03/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
AI Summary
This bill, the Federal Reserve Transparency Act of 2021, requires a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States within 12 months of the bill's enactment. The Comptroller General must then submit a report to Congress detailing the findings and recommendations from the audit. The bill also removes certain limitations on the Comptroller General's ability to audit the Federal Reserve, providing greater transparency and accountability for the central banking system.
Committee Categories
Housing and Urban Affairs
Sponsors (8)
Rand Paul (R)*,
John Barrasso (R),
Roy Blunt (R),
John Boozman (R),
James Lankford (R),
Mike Lee (R),
Rob Portman (R),
Todd Young (R),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/03/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/573/all-info |
| BillText | https://www.congress.gov/117/bills/s573/BILLS-117s573is.pdf |
| Bill | https://www.congress.gov/117/bills/s573/BILLS-117s573is.pdf.pdf |
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