Federal Reserve Transparency Act of 2024
- Last Action
- 1/10/2024
Actions
- 2024-01-10Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2024-01-10Introduced in Senate
CRS Summary
As of 2024-01-10 (00)
Federal Reserve Transparency Act of 2024
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.
Cosponsors (10)
- John Barrasso (R-WY)
- Marsha Blackburn (R-TN)
- Mike Braun (R-IN)
- Ted Cruz (R-TX)
- Chuck Grassley (R-IA)
- Mike Lee (R-UT)
- Roger Marshall (R-KS)
- James Risch (R-ID)
- Todd Young (R-IN)
- Rick Scott (R-FL)
Sourced from Congress.gov (public domain).
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