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Federal Reserve Transparency Act of 2017

USA115th CongressHR-24| House 
| Updated: 9/21/2017
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (114)
Lamar Smith (Republican)Paul A. Gosar (Republican)Michael C. Burgess (Republican)Steve Chabot (Republican)Mia B. Love (Republican)Bob Gibbs (Republican)Adrian Smith (Republican)Mo Brooks (Republican)John Katko (Republican)Tom Cole (Republican)Markwayne Mullin (Republican)John R. Carter (Republican)Gregg Harper (Republican)Mark Meadows (Republican)Steven M. Palazzo (Republican)Pete Olson (Republican)Alexander X. Mooney (Republican)Brett Guthrie (Republican)Andy Harris (Republican)Steve Stivers (Republican)Darren Soto (Democratic)Jason Chaffetz (Republican)Rick W. Allen (Republican)John Ratcliffe (Republican)Robert J. Wittman (Republican)John Abney Culberson (Republican)Brad R. Wenstrup (Republican)Jackie Walorski (Republican)Ken Buck (Republican)Stevan Pearce (Republican)Lynn Jenkins (Republican)Tom McClintock (Republican)David Rouzer (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)Doug Collins (Republican)Tim Walberg (Republican)Keith J. Rothfus (Republican)Earl L. "Buddy" Carter (Republican)Dana Rohrabacher (Republican)Lou Barletta (Republican)Rob Bishop (Republican)Mark Sanford (Republican)Sam Johnson (Republican)Mike Bishop (Republican)Peter A. DeFazio (Democratic)Rod Blum (Republican)Todd Rokita (Republican)Frank A. LoBiondo (Republican)Jim Jordan (Republican)Scott Perry (Republican)David B. McKinley (Republican)Jason Smith (Republican)Dan Newhouse (Republican)Luke Messer (Republican)Martha McSally (Republican)Kenny Marchant (Republican)Gus M. Bilirakis (Republican)Walter B. Jones (Republican)Kurt Schrader (Democratic)Ron DeSantis (Republican)H. Morgan Griffith (Republican)Jody B. Hice (Republican)Patrick Meehan (Republican)Don Bacon (Republican)Christopher H. Smith (Republican)David P. Joyce (Republican)Justin Amash (Libertarian)Jodey C. Arrington (Republican)Steve King (Republican)Mike Kelly (Republican)Richard Hudson (Republican)Roger Williams (Republican)Trey Gowdy (Republican)Will Hurd (Republican)Blake Farenthold (Republican)Glenn Grothman (Republican)Kevin Cramer (Republican)Ron Estes (Republican)John R. Moolenaar (Republican)Bruce Westerman (Republican)John H. Rutherford (Republican)Peter J. Visclosky (Democratic)Daniel Webster (Republican)Jason Lewis (Republican)Mike Gallagher (Republican)Gary J. Palmer (Republican)Raul R. Labrador (Republican)Mark E. Amodei (Republican)Dave Brat (Republican)Scott DesJarlais (Republican)Diane Black (Republican)Michael R. Turner (Republican)Ted S. Yoho (Republican)Jeff Fortenberry (Republican)Dennis A. Ross (Republican)Jared Polis (Democratic)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Matt Gaetz (Republican)Bob Goodlatte (Republican)Rodney P. Frelinghuysen (Republican)Bill Posey (Republican)David A. Trott (Republican)Virginia Foxx (Republican)Tom Graves (Republican)George Holding (Republican)Jim Bridenstine (Republican)Trent Franks (Republican)John J. Duncan (Republican)Louie Gohmert (Republican)Jaime Herrera Beutler (Republican)Brian Babin (Republican)Duncan D. Hunter (Republican)

Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Federal Reserve Transparency Act of 2017 (Sec. 2) This bill directs the Government Accountability Office (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.

Bill Text Versions

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2 versions available

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Timeline
Jan 3, 2017
Introduced in House
Jan 3, 2017
Referred to the House Committee on Oversight and Government Reform.
Mar 28, 2017
Committee Consideration and Mark-up Session Held.
Mar 28, 2017
Ordered to be Reported by Voice Vote.
Sep 21, 2017
Placed on the Union Calendar, Calendar No. 228.
Sep 21, 2017
Reported by the Committee on Oversight and Government Reform. H. Rept. 115-318.
  • January 3, 2017
    Introduced in House
  • January 3, 2017
    Referred to the House Committee on Oversight and Government Reform.
  • March 28, 2017
    Committee Consideration and Mark-up Session Held.
  • March 28, 2017
    Ordered to be Reported by Voice Vote.
  • September 21, 2017
    Placed on the Union Calendar, Calendar No. 228.
  • September 21, 2017
    Reported by the Committee on Oversight and Government Reform. H. Rept. 115-318.

Finance and Financial Sector

Related Bills

  • S 115-16: A bill to require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
  • HR 115-10: Financial CHOICE Act of 2017
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations

Federal Reserve Transparency Act of 2017

USA115th CongressHR-24| House 
| Updated: 9/21/2017
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Federal Reserve Transparency Act of 2017 (Sec. 2) This bill directs the Government Accountability Office (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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 3, 2017
Introduced in House
Jan 3, 2017
Referred to the House Committee on Oversight and Government Reform.
Mar 28, 2017
Committee Consideration and Mark-up Session Held.
Mar 28, 2017
Ordered to be Reported by Voice Vote.
Sep 21, 2017
Placed on the Union Calendar, Calendar No. 228.
Sep 21, 2017
Reported by the Committee on Oversight and Government Reform. H. Rept. 115-318.
  • January 3, 2017
    Introduced in House
  • January 3, 2017
    Referred to the House Committee on Oversight and Government Reform.
  • March 28, 2017
    Committee Consideration and Mark-up Session Held.
  • March 28, 2017
    Ordered to be Reported by Voice Vote.
  • September 21, 2017
    Placed on the Union Calendar, Calendar No. 228.
  • September 21, 2017
    Reported by the Committee on Oversight and Government Reform. H. Rept. 115-318.
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (114)
Lamar Smith (Republican)Paul A. Gosar (Republican)Michael C. Burgess (Republican)Steve Chabot (Republican)Mia B. Love (Republican)Bob Gibbs (Republican)Adrian Smith (Republican)Mo Brooks (Republican)John Katko (Republican)Tom Cole (Republican)Markwayne Mullin (Republican)John R. Carter (Republican)Gregg Harper (Republican)Mark Meadows (Republican)Steven M. Palazzo (Republican)Pete Olson (Republican)Alexander X. Mooney (Republican)Brett Guthrie (Republican)Andy Harris (Republican)Steve Stivers (Republican)Darren Soto (Democratic)Jason Chaffetz (Republican)Rick W. Allen (Republican)John Ratcliffe (Republican)Robert J. Wittman (Republican)John Abney Culberson (Republican)Brad R. Wenstrup (Republican)Jackie Walorski (Republican)Ken Buck (Republican)Stevan Pearce (Republican)Lynn Jenkins (Republican)Tom McClintock (Republican)David Rouzer (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)Doug Collins (Republican)Tim Walberg (Republican)Keith J. Rothfus (Republican)Earl L. "Buddy" Carter (Republican)Dana Rohrabacher (Republican)Lou Barletta (Republican)Rob Bishop (Republican)Mark Sanford (Republican)Sam Johnson (Republican)Mike Bishop (Republican)Peter A. DeFazio (Democratic)Rod Blum (Republican)Todd Rokita (Republican)Frank A. LoBiondo (Republican)Jim Jordan (Republican)Scott Perry (Republican)David B. McKinley (Republican)Jason Smith (Republican)Dan Newhouse (Republican)Luke Messer (Republican)Martha McSally (Republican)Kenny Marchant (Republican)Gus M. Bilirakis (Republican)Walter B. Jones (Republican)Kurt Schrader (Democratic)Ron DeSantis (Republican)H. Morgan Griffith (Republican)Jody B. Hice (Republican)Patrick Meehan (Republican)Don Bacon (Republican)Christopher H. Smith (Republican)David P. Joyce (Republican)Justin Amash (Libertarian)Jodey C. Arrington (Republican)Steve King (Republican)Mike Kelly (Republican)Richard Hudson (Republican)Roger Williams (Republican)Trey Gowdy (Republican)Will Hurd (Republican)Blake Farenthold (Republican)Glenn Grothman (Republican)Kevin Cramer (Republican)Ron Estes (Republican)John R. Moolenaar (Republican)Bruce Westerman (Republican)John H. Rutherford (Republican)Peter J. Visclosky (Democratic)Daniel Webster (Republican)Jason Lewis (Republican)Mike Gallagher (Republican)Gary J. Palmer (Republican)Raul R. Labrador (Republican)Mark E. Amodei (Republican)Dave Brat (Republican)Scott DesJarlais (Republican)Diane Black (Republican)Michael R. Turner (Republican)Ted S. Yoho (Republican)Jeff Fortenberry (Republican)Dennis A. Ross (Republican)Jared Polis (Democratic)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Matt Gaetz (Republican)Bob Goodlatte (Republican)Rodney P. Frelinghuysen (Republican)Bill Posey (Republican)David A. Trott (Republican)Virginia Foxx (Republican)Tom Graves (Republican)George Holding (Republican)Jim Bridenstine (Republican)Trent Franks (Republican)John J. Duncan (Republican)Louie Gohmert (Republican)Jaime Herrera Beutler (Republican)Brian Babin (Republican)Duncan D. Hunter (Republican)

Oversight and Government Reform Committee

Finance and Financial Sector

Related Bills

  • S 115-16: A bill to require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
  • HR 115-10: Financial CHOICE Act of 2017
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations