118th Congress Finance and Financial Sector
S. 3566: Federal Reserve Transparency Act of 2024
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Marsha Blackburn R-TNOriginal
- John Barrasso R-WYOriginal
- Mike Braun R-INOriginal
- Ted Cruz R-TXOriginal
- Charles Grassley R-IAOriginal
- Mike Lee R-UTOriginal
- Roger Marshall R-KSOriginal
- James Risch R-IDOriginal
- Todd Young R-INOriginal
- Rick Scott R-FL
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Other bills by Rand Paul
History
- Introduced in the Senate by Rand Paul.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.