summary
Introduced
01/10/2024
01/10/2024
In Committee
01/10/2024
01/10/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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 2024, 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 report on this audit must be submitted to Congress and made publicly available. The bill also repeals certain limitations on the Comptroller General's authority to audit the Federal Reserve, expanding the scope of the audit. Additionally, the bill makes technical and conforming amendments to existing laws related to Federal Reserve transparency and disclosure requirements.
Committee Categories
Housing and Urban Affairs
Sponsors (11)
Rand Paul (R)*,
John Barrasso (R),
Marsha Blackburn (R),
Mike Braun (R),
Ted Cruz (R),
Chuck Grassley (R),
Mike Lee (R),
Roger Marshall (R),
Jim Risch (R),
Rick Scott (R),
Todd Young (R),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/10/2024)
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/118th-congress/senate-bill/3566/all-info |
| BillText | https://www.congress.gov/118/bills/s3566/BILLS-118s3566is.pdf |
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