HR 24 114th 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 2015

Introduced: January 6, 2015 Introduced by: Massie, Thomas Republican · Kentucky See on congress.gov

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 14, 2016

Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 114-692.

Jul 14, 2016

Placed on the Union Calendar, Calendar No. 536.

May 17, 2016

Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

May 17, 2016

Committee Consideration and Mark-up Session Held.

Jan 6, 2015

Referred to the House Committee on Oversight and Government.

Jan 6, 2015

Introduced in House

Plain-English summary Congressional Research Service

Federal Reserve Transparency Act of 2015

(Sec. 2) This bill directs the Government Accountability Office to: (1) complete, within 12 months of enactment, 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.

The bill repeals certain limitations placed upon audits of the Federal Reserve Board and Federal Reserve banks concerning: (1) international financial transactions, (2) deliberations or actions on monetary policy matters, (3) transactions made under the direction of the Federal Open Market Committee, or (4) a part of a discussion or communication among members of the Federal Reserve Board and officers and employees of the Federal Reserve System related to these matters.

What's happening now July 14, 2016

Placed on the Union Calendar, Calendar No. 536.

Committees of jurisdiction 1