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S 3566 118th Congress Senate Finance and Financial Sector

Federal Reserve Transparency Act of 2024

Introduced: January 10, 2024 Introduced by: Paul, Rand Republican · Kentucky See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 10, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 10, 2024
Introduced in Senate
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 Plain-English summary Congressional Research Service

Federal Reserve Transparency Act of 2024

This bill establishes requirements regarding audits of certain financial agencies performed by the Government Accountability Office (GAO).

Specifically, the bill directs the 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.

What's happening now January 10, 2024

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • HR 24 Related bill Federal Reserve Transparency Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Republican 9
R
Scott, Rick
Florida · Jan 11, 2024
 R
Barrasso, John
Wyoming · Jan 10, 2024
 R
Blackburn, Marsha
Tennessee · Jan 10, 2024
 R
Cruz, Ted
Texas · Jan 10, 2024
 R
Grassley, Chuck
Iowa · Jan 10, 2024
 R
Lee, Mike
Utah · Jan 10, 2024
 R
Marshall, Roger
Kansas · Jan 10, 2024
 R
Risch, James E.
Idaho · Jan 10, 2024
 R
Young, Todd
Indiana · Jan 10, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3566: Federal Reserve Transparency Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-3566/
MLA
"S. 3566: Federal Reserve Transparency Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3566/.
Bluebook (legal)
S. 3566, 118th Cong. (2026), https://openamerica.io/bill/118-S-3566/.
Markdown link
[S. 3566: Federal Reserve Transparency Act of 2024](https://openamerica.io/bill/118-S-3566/)
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