Bill

Bill > HR24


US HR24

US HR24
Federal Reserve Transparency Act of 2017


summary

Introduced
01/03/2017
In Committee
03/28/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Federal Reserve Transparency Act of 2017 (Sec. 2) 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.

AI Summary

This bill, the Federal Reserve Transparency Act of 2017, directs the Government Accountability Office (GAO) to complete an audit of the Federal Reserve Board and Federal Reserve banks within 12 months. It also removes certain limitations on the GAO's ability to audit the Federal Reserve, allowing them to audit international financial transactions, deliberations and decisions on monetary policy, transactions made under the direction of the Federal Open Market Committee, and discussions or communications among Federal Reserve officers, board members, and employees regarding these matters.

Committee Categories

Government Affairs

Sponsors (115)

Thomas Massie (R)* Rick Allen (R),  Justin Amash (LIB),  Mark Amodei (R),  Jodey Arrington (R),  Brian Babin (R),  Don Bacon (R),  Lou Barletta (R),  Andy Biggs (R),  Gus Bilirakis (R),  Mike Bishop (R),  Rob Bishop (R),  Diane Black (R),  Rod Blum (R),  Dave Brat (R),  Jim Bridenstine (R),  Mo Brooks (R),  Ken Buck (R),  Michael Burgess (R),  Buddy Carter (R),  John Carter (R),  Steve Chabot (R),  Jason Chaffetz (R),  Tom Cole (R),  Doug Collins (R),  Kevin Cramer (R),  John Culberson (R),  Peter DeFazio (D),  Ron DeSantis (R),  Scott DesJarlais (R),  Jeff Duncan (R),  John Duncan (R),  Tom Emmer (R),  Ron Estes (R),  Blake Farenthold (R),  Brian Fitzpatrick (R),  Jeff Fortenberry (R),  Virginia Foxx (R),  Trent Franks (R),  Rodney Frelinghuysen (R),  Matt Gaetz (R),  Mike Gallagher (R),  Bob Gibbs (R),  Louie Gohmert (R),  Bob Goodlatte (R),  Paul Gosar (R),  Trey Gowdy (R),  Tom Graves (R),  Morgan Griffith (R),  Glenn Grothman (R),  Brett Guthrie (R),  Gregg Harper (R),  Andy Harris (R),  Jaime Herrera Beutler (R),  Jody Hice (R),  George Holding (R),  Richard Hudson (R),  Duncan Hunter (R),  Will Hurd (R),  Lynn Jenkins (R),  Sam Johnson (R),  Walter Jones (R),  Jim Jordan (R),  Dave Joyce (R),  John Katko (R),  Mike Kelly (R),  Steve King (R),  Raúl Labrador (R),  Jason Lewis (R),  Frank LoBiondo (R),  Mia Love (R),  Kenny Marchant (R),  Tom McClintock (R),  David McKinley (R),  Martha McSally (R),  Mark Meadows (R),  Patrick Meehan (R),  Luke Messer (R),  John Moolenaar (R),  Alex Mooney (R),  Markwayne Mullin (R),  Dan Newhouse (R),  Pete Olson (R),  Steven Palazzo (R),  Gary Palmer (R),  Stevan Pearce (R),  Scott Perry (R),  Jared Polis (D),  Bill Posey (R),  John Ratcliffe (R),  Dana Rohrabacher (R),  Todd Rokita (R),  Dennis Ross (R),  Keith Rothfus (R),  David Rouzer (R),  John Rutherford (R),  Mark Sanford (R),  Kurt Schrader (D),  Adrian Smith (R),  Chris Smith (R),  Jason Smith (R),  Lamar Smith (R),  Darren Soto (D),  Steve Stivers (R),  David Trott (R),  Mike Turner (R),  Peter Visclosky (D),  Tim Walberg (R),  Jackie Walorski (R),  Daniel Webster (R),  Brad Wenstrup (R),  Bruce Westerman (R),  Roger Williams (R),  Rob Wittman (R),  Ted Yoho (R), 

Last Action

Placed on the Union Calendar, Calendar No. 228. (on 09/21/2017)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...