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H.R. 24 · 116th Congress

Federal Reserve Transparency Act of 2019

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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 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

TMR MassieSponsor
102 cosponsors · 5 D, 97 R
JAR Amash RAR Allen GBR Bilirakis MBR Brooks KBR Buck DBR Bacon ABR Biggs SCR Chabot TCR Cole PDD DeFazio JDR Duncan SDR DesJarlais WDR Davidson VFR Foxx BFR Fitzpatrick BGR Guthrie PGR Gosar HGR Griffith MGR Gaetz DHR Hunter JHR Hice JJR Jordan SKR King KMR Marchant TMR McClintock MMR Meadows MMR Mullin AMR Mooney BPR Posey SPR Palazzo SPR Perry GPR Palmer ASR Smith TWR Walberg RWR Wittman DWR Webster JWR Walorski TYR Yoho LGR Gohmert JRR Rutherford MBR Burgess WJR Jones JRR Ratcliffe TBR Burchett BCR Carter BGR Gibbs AHR Harris JHR Herrera Beutler DRR Rouzer JBR Banks MCR Cloud RHR Hudson JHR Hagedorn RWR Williams TER Emmer MGR Green DNR Newhouse RSR Spano BCR Cline GGR Grothman MGR Gallagher JKR Katko CRR Roy MBR Bost GHR Holding WHR Hurd MTR Turner RNR Norman WTR Timmons RER Estes TGR Graves BJR Johnson DLR Lamborn DLR LaMalfa DRR Riggleman FSR Sensenbrenner JCR Carter JFR Fortenberry DSR Schweikert RLR Latta SSR Stivers BBR Byrne TGD Gabbard CRD Ruppersberger PRR Roe KSD Schrader BWR Wenstrup RWR Wright VTR Taylor RCR Crawford BMR Mast TBR Balderson RMR Marshall CMR McMorris Rodgers POR Olson DSD Soto KCR Calvert CSR Stewart CFR Fleischmann MKR Kelly JMR Moolenaar JWR Wilson

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

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

What it does: CRS summary · Introduced in House · Jan 3, 2019

Federal Reserve Transparency Act of 2019

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.

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 2019

Latest action (Jan 3, 2019): Referred to the House Committee on Oversight and Reform.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 3, 2019

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

No recorded floor vote found.