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H.R. 24: Federal Reserve Transparency Act of 2015

Title: Federal Reserve Transparency Act of 2015

Introduced: Jan 6, 2015 (114th Congress)

Sponsor: (No First Name Found) (No Last Name Found) [-]

Status: Reported by Committee - Placed on the Union Calendar, Calendar No. 536.

Summary: 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.

Votes

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