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H.R. 24 115th Congress House

Federal Reserve Transparency Act of 2017

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 3, 2017 Introduced by: Thomas Massie 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 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 21, 2017
Placed on the Union Calendar, Calendar No. 228.
Sep 21, 2017
Reported by the Committee on Oversight and Government Reform. H. Rept. 115-318.
Mar 28, 2017
Ordered to be Reported by Voice Vote.
Mar 28, 2017
Committee Consideration and Mark-up Session Held.
Jan 3, 2017
Introduced in House
Jan 3, 2017
Referred to the House Committee on Oversight and Government Reform.
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 Latest action September 21, 2017

Placed on the Union Calendar, Calendar No. 228.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

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.

 Related & companion bills 2
  • S 16 Identical bill Federal Reserve Transparency Act of 2017
  • HR 10 Financial CHOICE Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 75
All 75 Democratic 1 Republican 41
R
Estes, Ron
Kansas · Sep 21, 2017
JOHNSON, SAM
· Sep 21, 2017
Collins, Doug
· Jun 23, 2017
Bishop, Mike
· May 4, 2017
Bridenstine, Jim
· Mar 29, 2017
 R
Perry, Scott
Pennsylvania · Mar 29, 2017
 R
Smith, Adrian
Nebraska · Mar 29, 2017
 R
Bacon, Don
Nebraska · Mar 28, 2017
 R
Fitzpatrick, Brian K.
Pennsylvania · Mar 28, 2017
 R
Grothman, Glenn
Wisconsin · Mar 28, 2017
Graves, Tom
· Mar 27, 2017
Ratcliffe, John
· Mar 27, 2017
 R
Webster, Daniel
Florida · Mar 27, 2017
 R
Arrington, Jodey C.
Texas · Mar 24, 2017
Sanford, Mark
· Mar 16, 2017
 R
Rutherford, John H.
Florida · Mar 6, 2017
 R
Cole, Tom
Oklahoma · Feb 28, 2017
Harper, Gregg
· Feb 28, 2017
 R
Hudson, Richard
North Carolina · Feb 28, 2017
GOODLATTE, ROBERT
· Feb 16, 2017
McSally, Martha
· Feb 16, 2017
 R
Smith, Christopher H.
New Jersey · Feb 16, 2017
 R
Allen, Rick W.
Georgia · Feb 3, 2017
Messer, Luke
· Feb 3, 2017
 R
Newhouse, Dan
Washington · Feb 3, 2017
Trott, David
· Feb 3, 2017
VISCLOSKY, PETER
· Feb 3, 2017
 R
Biggs, Andy
Arizona · Jan 24, 2017
 R
Carter, John R.
Texas · Jan 24, 2017
FRELINGHUYSEN, RODNEY
· Jan 24, 2017
 R
Joyce, David P.
Ohio · Jan 24, 2017
 R
Rouzer, David
North Carolina · Jan 24, 2017
 D
Soto, Darren
Florida · Jan 24, 2017
 R
Babin, Brian
Texas · Jan 13, 2017
Blum, Rod
· Jan 13, 2017
Gowdy, Trey
· Jan 13, 2017
Hurd, Will
· Jan 13, 2017
 R
Jordan, Jim
Ohio · Jan 13, 2017
 R
Kelly, Mike
Pennsylvania · Jan 13, 2017
 R
Turner, Michael R.
Ohio · Jan 13, 2017
 R
Wittman, Robert J.
Virginia · Jan 13, 2017
 R
Cramer, Kevin
North Dakota · Jan 6, 2017
 R
DesJarlais, Scott
Tennessee · Jan 6, 2017
 R
Harris, Andy
Maryland · Jan 6, 2017
Lewis, Jason
· Jan 6, 2017
LOBIONDO, FRANK
· Jan 6, 2017
Love, Mia
· Jan 6, 2017
 R
McClintock, Tom
California · Jan 6, 2017
SMITH, LAMAR
· Jan 6, 2017
 R
Williams, Roger
Texas · Jan 6, 2017
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 24: Federal Reserve Transparency Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-24/
MLA
"H.R. 24: Federal Reserve Transparency Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-24/.
Bluebook (legal)
H.R. 24, 115th Cong. (2026), https://openamerica.io/bill/115-HR-24/.
Markdown link
[H.R. 24: Federal Reserve Transparency Act of 2017](https://openamerica.io/bill/115-HR-24/)
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