HR 459 112th Congress House Finance and Financial Sector Accounting and auditing Bank accounts, deposits, capital Congressional oversight Federal Reserve System Government studies and investigations Housing finance and home ownership

Federal Reserve Transparency Act of 2012

Introduced: January 26, 2011 See on congress.gov

Everywhere this bill has been 23 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 1, 2013

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 580.

Dec 30, 2012

Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

Jul 26, 2012

Received in the Senate.

Jul 25, 2012

The title of the measure was amended. Agreed to without objection.

Jul 25, 2012

Motion to reconsider laid on the table Agreed to without objection.

Jul 25, 2012

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 327 - 98 (Roll no. 513).

Jul 25, 2012

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 327 - 98 (Roll no. 513).

Jul 25, 2012

Considered as unfinished business. (consideration: CR H5224-5225)

Jul 24, 2012

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

Jul 24, 2012

DEBATE - The House resumed debate on H.R. 459, as amended.

Jul 24, 2012

DEBATE - The House proceeded with forty minutes of debate on H.R. 459.

Jul 24, 2012

Considered under suspension of the rules. (consideration: CR H5150-5162; text of measure as reported in House: CR H5150)

Jul 24, 2012

Mr. Issa moved to suspend the rules and pass the bill, as amended.

Jul 18, 2012

Placed on the Union Calendar, Calendar No. 441.

Jul 18, 2012

Committee on Financial Services discharged.

Jul 17, 2012

Referred sequentially to the House Committee on Financial Services for a period ending not later than July 18, 2012 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(h) of rule X.

Jul 17, 2012

Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 112-607, Part I.

Jun 27, 2012

Ordered to be Reported (Amended) by Voice Vote.

Jun 27, 2012

Committee Consideration and Mark-up Session Held.

Feb 8, 2011

Referred to the Subcommittee on Government Organization, Efficiency, and Financial Management .

Jan 26, 2011

Referred to the House Committee on Oversight and Government Reform.

Jan 26, 2011

Sponsor introductory remarks on measure. (CR E128)

Jan 26, 2011

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Jul 25, 2012	House · vote #513	On Motion to Suspend the Rules and Pass, as Amended	Passed	327–98	See who voted →

Plain-English summary Congressional Research Service

(This measure has not been amended since it was reported to the House on July 17, 2012. The summary of that version is repeated here.)

Federal Reserve Transparency Act of 2012 - Directs the Comptroller General 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 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.

What's happening now January 1, 2013

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 580.

Committees of jurisdiction 3