Skip to main content
SENATE 148116th CongressPlaced on Senate Legislative Calendar under General Orders. Calendar No. 464.

A resolution supporting efforts by the Government of Colombia to pursue peace and regional stability.

Last Action
6/3/2020

Actions

  • 2019-01-16Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2019-01-16Introduced in Senate

CRS Summary

As of 2019-01-16 (00)

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.

Subjects

  • Accounting and auditing
  • Bank accounts, deposits, capital
  • Congressional oversight
  • Federal Reserve System
  • Government studies and investigations
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.