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S. 2232 114th Congress Senate

Federal Reserve Transparency Act of 2015

Official title: 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.

Introduced: November 3, 2015 Introduced by: Rand Paul Republican · Kentucky See on congress.gov
Finance and Financial Sector Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 12, 2016
Motion to proceed to consideration of measure withdrawn in Senate. (consideration: CR S63)
Jan 12, 2016
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 44. Record Vote Number: 2. (consideration: CR S52-63; text: CR S54)
Jan 12, 2016
Motion to proceed to measure considered in Senate.
Dec 18, 2015
Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S8875; text: CR S8875)
Dec 18, 2015
Motion to proceed to consideration of measure made in Senate. (consideration: CR S8875)
Nov 4, 2015
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 289.
Nov 3, 2015
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Nov 3, 2015
Introduced in Senate
 Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

AmendmentSponsorPurposeStatusLatest action
SAMDT 2,944 Shaheen, Jeanne – No recorded outcome –
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 Latest action January 12, 2016

Motion to proceed to consideration of measure withdrawn in Senate. (consideration: CR S63)

 Plain-English summary Congressional Research Service

Federal Reserve Transparency Act of 2015

This bill directs the Government Accountability Office to: (1) commence and complete an audit of the Board of Governors of the Federal Reserve System and of the Federal Reserve Banks within 12 months of enactment of this Act, and (2) report findings and conclusions to Congress within 90 days of completing the audit.

The bill also repeals certain limitations upon such an audit.

 Related & companion bills 3
  • HR 24 Federal Reserve Transparency Act of 2015
  • HR 3189 FORM Act of 2015
  • S 264 Federal Reserve Transparency Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Cosponsors 18
All 18 Republican 14
Burr, Richard
· Jan 11, 2016
 R
Sullivan, Dan
Alaska · Dec 2, 2015
 R
Lankford, James
Oklahoma · Nov 16, 2015
 R
Barrasso, John
Wyoming · Nov 3, 2015
 R
Boozman, John
Arkansas · Nov 3, 2015
 R
Capito, Shelley Moore
West Virginia · Nov 3, 2015
 R
Cornyn, John
Texas · Nov 3, 2015
 R
Crapo, Mike
Idaho · Nov 3, 2015
 R
Cruz, Ted
Texas · Nov 3, 2015
 R
Daines, Steve
Montana · Nov 3, 2015
 R
Grassley, Chuck
Iowa · Nov 3, 2015
Isakson, Johnny
· Nov 3, 2015
 R
Lee, Mike
Utah · Nov 3, 2015
 R
McConnell, Mitch
Kentucky · Nov 3, 2015
 R
Risch, James E.
Idaho · Nov 3, 2015
 R
Scott, Tim
South Carolina · Nov 3, 2015
Toomey, Patrick
· Nov 3, 2015
Vitter, David
· Nov 3, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2232: Federal Reserve Transparency Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-2232/
MLA
"S. 2232: Federal Reserve Transparency Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2232/.
Bluebook (legal)
S. 2232, 114th Cong. (2026), https://openamerica.io/bill/114-S-2232/.
Markdown link
[S. 2232: Federal Reserve Transparency Act of 2015](https://openamerica.io/bill/114-S-2232/)
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