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118th Congress Finance and Financial Sector

H.R. 24: Federal Reserve Transparency Act of 2023

Introduced

  1. Introduced (completed)Jan 9, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jan 9, 2023

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 Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

72

Who scored on this bill

12 points earned
  1. 1Thomas Massie R-KY SponsorIntroduced, reached a cosponsor milestone3 events+12
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Thomas Massie

History

  1. Jan 9, 2023Introduced in the House by Thomas Massie.
Show the full action history (2 actions)
  1. Jan 9, 2023Introduced in House
  2. Jan 9, 2023Referred to the House Committee on Oversight and Accountability.