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HR 24 113th Congress House

Federal Reserve Transparency Act of 2014

Official title: 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.

Introduced: January 14, 2013 See on congress.gov
Finance and Financial Sector Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve System
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 18, 2014
Received in the Senate.
Sep 17, 2014
Motion to reconsider laid on the table Agreed to without objection.
Sep 17, 2014
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 333 - 92 (Roll no. 504). (text: CR 9/16/2014 H7588)
Sep 17, 2014
Considered as unfinished business. (consideration: CR H7635)
Sep 16, 2014
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.
Sep 16, 2014
DEBATE - The House proceeded with forty minutes of debate on H.R. 24.
Sep 16, 2014
Considered under suspension of the rules. (consideration: CR H7588-7591)
Sep 16, 2014
Mr. Meadows moved to suspend the rules and pass the bill, as amended.
Sep 16, 2014
Placed on the Union Calendar, Calendar No. 447.
Sep 16, 2014
Committee on Financial Services discharged.
Sep 16, 2014
Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 113-602, Part I.
Jul 24, 2014
Ordered to be Reported (Amended) by Voice Vote.
Jul 24, 2014
Committee Consideration and Mark-up Session Held.
Jan 3, 2013
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 3, 2013
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Sep 17, 2014 House · vote #504 On Motion to Suspend the Rules and Pass, as Amended Passed 333–92 See who voted →
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 Latest action September 18, 2014

Received in the Senate.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was reported to the House on September 16, 2014. The summary of that version is repeated here.)

Federal Reserve Transparency Act of 2014 - 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 (Federal Reserve 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.

Repeals GAO authority to conduct audits of the Federal Reserve Board, a Federal Reserve Bank, or a credit facility pursuant to its determination that they are appropriate for specified assessments of a credit facility or a covered transaction.

 Related & companion bills 2
  • HR 33 Related bill Audit The Fed Act of 2013
  • S 209 Related bill Federal Reserve Transparency Act of 2013
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 178
All 178 Democratic 3 Republican 59
D
Lofgren, Zoe
California · May 8, 2014
Brooks, Mo
· May 7, 2014
CRENSHAW, ANDER
· May 7, 2014
Garrett, Scott
· May 7, 2014
Granger, Kay
· May 7, 2014
PITTS, JOSEPH
· May 7, 2014
SHIMKUS, JOHN
· May 7, 2014
 R
Smith, Christopher H.
New Jersey · May 7, 2014
Walorski, Jackie
· May 7, 2014
 R
Williams, Roger
Texas · May 7, 2014
Gibbs, Bob
· May 6, 2014
 R
Perry, Scott
Pennsylvania · May 6, 2014
 R
Wagner, Ann
Missouri · May 6, 2014
Rooney, Thomas
· Apr 10, 2014
Herrera Beutler, Jaime
· Apr 9, 2014
MILLER, GARY
· Apr 9, 2014
Renacci, James
· Apr 1, 2014
Bridenstine, Jim
· Mar 14, 2014
Conaway, K.
· Mar 14, 2014
Cook, Paul
· Mar 14, 2014
Neugebauer, Randy
· Mar 14, 2014
Reed, Tom
· Mar 14, 2014
Rice, Tom
· Mar 14, 2014
Rothfus, Keith
· Mar 14, 2014
 R
Cole, Tom
Oklahoma · Feb 27, 2014
Fleming, John
· Feb 27, 2014
Gingrey, Phil
· Feb 27, 2014
JOHNSON, SAM
· Feb 27, 2014
Labrador, Raul
· Feb 27, 2014
Price, Tom
· Feb 27, 2014
THORNBERRY, WILLIAM
· Feb 27, 2014
VISCLOSKY, PETER
· Feb 27, 2014
Bishop, Rob
· Feb 11, 2014
Coffman, Mike
· Feb 11, 2014
Denham, Jeff
· Feb 11, 2014
HALL, RALPH
· Feb 10, 2014
 R
Hudson, Richard
North Carolina · Jan 27, 2014
SMITH, LAMAR
· Jan 8, 2014
Shuster, Bill
· Jan 7, 2014
Ross, Dennis
· Dec 9, 2013
Grayson, Alan
· Dec 3, 2013
Pittenger, Robert
· Nov 20, 2013
LOBIONDO, FRANK
· Nov 15, 2013
 R
Lucas, Frank D.
Oklahoma · Nov 14, 2013
Polis, Jared
· Nov 14, 2013
 R
Valadao, David G.
California · Nov 14, 2013
Graves, Tom
· Oct 30, 2013
Palazzo, Steven
· Oct 30, 2013
GREEN, GENE
· Oct 23, 2013
Harper, Gregg
· Oct 23, 2013
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 24: Federal Reserve Transparency Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-24/
MLA
"H.R. 24: Federal Reserve Transparency Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-24/.
Bluebook (legal)
H.R. 24, 113th Cong. (2026), https://openamerica.io/bill/113-HR-24/.
Markdown link
[H.R. 24: Federal Reserve Transparency Act of 2014](https://openamerica.io/bill/113-HR-24/)
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