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Federal Reserve Transparency Act of 2014
3/14/2024, 12:48 PM
Congressional Summary of HR 24
(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.
Read the Full Bill
Current Status of Bill HR 24
Bill HR 24 is currently in the status of Bill Introduced since January 3, 2013. Bill HR 24 was introduced during Congress 113 and was introduced to the House on January 3, 2013. Bill HR 24's most recent activity was Received in the Senate. as of September 18, 2014
Bipartisan Support of Bill HR 24
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
228Democrat Cosponsors
19Republican Cosponsors
209Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 24
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Accounting and auditing
- Bank accounts, deposits, capital
- Congressional oversight
- Federal Reserve System
- Government studies and investigations
- Housing finance and home ownership
Alternate Title(s) of Bill HR 24
Federal Reserve Transparency Act of 2014
Federal Reserve Transparency Act of 2013
Federal Reserve Transparency Act of 2014
Federal Reserve Transparency Act of 2014
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.
Comments
Sponsors and Cosponsors of HR 24
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