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H.R. 24 · 114th Congress

Federal Reserve Transparency Act of 2015

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

TMR MassieSponsor
201 cosponsors · 10 D, 191 R
JAR Amash MAR Amodei MBR Blackburn MBR Burgess CBR Boustany DBR Benishek DBR Black MBR Brooks RBR Blum SCR Chabot JCR Culberson TCR Cole CCR Collins DCR Collins KCR Cramer CCR Clawson JDR Duncan JDR Denham JDR Duncan RDR DeSantis RER Ellmers JFR Fortenberry CFR Fleischmann BFR Farenthold BGR Goodlatte GGD Green SGR Garrett LGR Gohmert AGD Grayson BGR Guthrie BGR Gibbs CGR Gibson PGR Gosar HGR Griffith GHR Harper THR Huelskamp WJR Jones DJR Jolly FLR LoBiondo LLR Lance DLR LaMalfa TMR McClintock MMR Mulvaney MMR Meadows RNR Neugebauer RNR Nugent SPR Pearce BPR Posey SPR Palazzo DRR Rohrabacher MRR Rogers PRR Roe KRR Rothfus MSR Salmon FSR Sensenbrenner PTR Tiberi GTR Thompson STR Tipton LWR Westmoreland TWR Walberg SWR Womack RWR Weber TYR Yoho DBR Brat TER Emmer TGR Graves AHR Harris RLR Latta CLR Lummis AMR Mooney RRR Ribble MSR Sanford LSR Smith MSR Stutzman PCR Cook JHR Heck RHR Hurt CHR Hardy DLD Lipinski BLR Long MMR Mullin RPR Pittenger ASR Smith RAR Allen RFR Frelinghuysen FLR Lucas JRR Ratcliffe DWR Webster RWR Woodall BBR Babin RCR Crawford BCR Carter SDR DesJarlais JFR Forbes JFR Fleming JMR Miller CMR Miller MMR McCaul DMR McKinley EPR Paulsen JWR Walorski KYR Yoder TYR Young VFR Foxx DHR Hunter GHR Holding JHR Hice LMR Messer TPR Poe CPD Pingree JPD Polis MPR Pompeo SSR Stivers CSR Stewart PVD Visclosky EWR Whitfield BWR Westerman DYR Young VBR Buchanan KBR Buck DJR Joyce KMR Marchant BSR Shuster BWR Wenstrup MBR Bishop KCR Calvert RDR Davis BJR Johnson POR Olson DTR Trott JCR Carter PDD DeFazio DYR Young JBR Bridenstine MCR Coffman CCR Curbelo DLD Loebsack RLR Labrador IRR Ros-Lehtinen CSR Smith MTR Turner MBR Bost GGR Grothman RHR Hudson JJR Jordan LJR Jenkins BLR Loudermilk DNR Newhouse TGR Gowdy DLR Lamborn RZR Zinke MDR Diaz-Balart TMR Murphy JBR Barton LBR Barletta ABR Barr KCR Conaway SDR Duffy TFR Franks MFR Fitzpatrick SFR Fincher BFR Flores SKR King MLR Love TPR Price SPR Perry GPR Palmer TRR Rokita TRR Rice JSR Shimkus SSR Scalise DSR Schweikert ASR Scott JSR Smith JWR Wilson RWR Williams MWR Walker JRR Renacci DRR Rouzer SJR Johnson SRR Russell JKR Katko WHR Hurd RWR Wittman PSR Sessions VHR Hartzler JHR Herrera Beutler JMR Mica FGR Guinta RBR Bishop MKR Kelly KNR Noem GBR Bilirakis DLR LaHood JCR Chaffetz PMR Meehan TKR Kelly PWD Welch SGR Graves EJR Jenkins CRD Ruppersberger

63 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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…

What it does: CRS summary · Reported to House with amendment(s) · Jul 14, 2016

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Federal Reserve Transparency Act of 2015

Latest action (Jul 14, 2016): Placed on the Union Calendar, Calendar No. 536.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 6, 2015

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.