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Federal Reserve Transparency Act of 2019

USA116th CongressHR-24| House 
| Updated: 1/3/2019
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (102)
Doug LaMalfa (Republican)David Schweikert (Republican)Chris Stewart (Republican)Paul A. Gosar (Republican)Michael C. Burgess (Republican)Chip Roy (Republican)Steve Chabot (Republican)Bob Gibbs (Republican)Adrian Smith (Republican)Mo Brooks (Republican)F. James Sensenbrenner (Republican)John Katko (Republican)Tom Cole (Republican)Roger Marshall (Republican)Markwayne Mullin (Republican)John R. Carter (Republican)Eric A. "Rick" Crawford (Republican)Mark Meadows (Republican)Steven M. Palazzo (Republican)Pete Olson (Republican)Tim Burchett (Republican)Jim Hagedorn (Republican)Alexander X. Mooney (Republican)Brett Guthrie (Republican)Jim Banks (Republican)Andy Harris (Republican)Steve Stivers (Republican)Darren Soto (Democratic)Warren Davidson (Republican)Rick W. Allen (Republican)John Ratcliffe (Republican)Van Taylor (Republican)Robert J. Wittman (Republican)C. A. Dutch Ruppersberger (Democratic)Brad R. Wenstrup (Republican)Jackie Walorski (Republican)Ken Buck (Republican)William R. Timmons (Republican)Tom McClintock (Republican)David Rouzer (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)Tim Walberg (Republican)Earl L. "Buddy" Carter (Republican)Ken Calvert (Republican)Peter A. DeFazio (Democratic)Jim Jordan (Republican)Scott Perry (Republican)Dan Newhouse (Republican)Kenny Marchant (Republican)Gus M. Bilirakis (Republican)Walter B. Jones (Republican)Kurt Schrader (Democratic)H. Morgan Griffith (Republican)Jody B. Hice (Republican)Don Bacon (Republican)Justin Amash (Libertarian)Joe Wilson (Republican)Doug Lamborn (Republican)Steve King (Republican)Mike Kelly (Republican)Richard Hudson (Republican)Roger Williams (Republican)Will Hurd (Republican)Denver Riggleman (Republican)Glenn Grothman (Republican)Brian J. Mast (Republican)Ron Estes (Republican)John R. Moolenaar (Republican)John H. Rutherford (Republican)Charles J. "Chuck" Fleischmann (Republican)Daniel Webster (Republican)Michael Cloud (Republican)Mark E. Green (Republican)Mike Gallagher (Republican)Tulsi Gabbard (Democratic)Gary J. Palmer (Republican)Mike Bost (Republican)Scott DesJarlais (Republican)Michael R. Turner (Republican)Ted S. Yoho (Republican)Ron Wright (Republican)Jeff Fortenberry (Republican)Bradley Byrne (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Matt Gaetz (Republican)Robert E. Latta (Republican)Bill Posey (Republican)Ben Cline (Republican)Virginia Foxx (Republican)Tom Graves (Republican)George Holding (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)Louie Gohmert (Republican)Bill Johnson (Republican)Jaime Herrera Beutler (Republican)David P. Roe (Republican)Troy Balderson (Republican)Duncan D. Hunter (Republican)Ross Spano (Republican)

Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 115-24
Federal Reserve Transparency Act of 2017
Jan 3, 2019
Introduced in House
Jan 3, 2019
Referred to the House Committee on Oversight and Reform.
Jan 16, 2019

Latest Companion Bill Action

S 116-148
Introduced in Senate
  • Bill from Previous Congress

    HR 115-24
    Federal Reserve Transparency Act of 2017


  • January 3, 2019
    Introduced in House


  • January 3, 2019
    Referred to the House Committee on Oversight and Reform.


  • January 16, 2019

    Latest Companion Bill Action

    S 116-148
    Introduced in Senate

Finance and Financial Sector

Related Bills

  • S 116-148: Federal Reserve Transparency Act of 2019
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations

Federal Reserve Transparency Act of 2019

USA116th CongressHR-24| House 
| Updated: 1/3/2019
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 115-24
Federal Reserve Transparency Act of 2017
Jan 3, 2019
Introduced in House
Jan 3, 2019
Referred to the House Committee on Oversight and Reform.
Jan 16, 2019

Latest Companion Bill Action

S 116-148
Introduced in Senate
  • Bill from Previous Congress

    HR 115-24
    Federal Reserve Transparency Act of 2017


  • January 3, 2019
    Introduced in House


  • January 3, 2019
    Referred to the House Committee on Oversight and Reform.


  • January 16, 2019

    Latest Companion Bill Action

    S 116-148
    Introduced in Senate
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (102)
Doug LaMalfa (Republican)David Schweikert (Republican)Chris Stewart (Republican)Paul A. Gosar (Republican)Michael C. Burgess (Republican)Chip Roy (Republican)Steve Chabot (Republican)Bob Gibbs (Republican)Adrian Smith (Republican)Mo Brooks (Republican)F. James Sensenbrenner (Republican)John Katko (Republican)Tom Cole (Republican)Roger Marshall (Republican)Markwayne Mullin (Republican)John R. Carter (Republican)Eric A. "Rick" Crawford (Republican)Mark Meadows (Republican)Steven M. Palazzo (Republican)Pete Olson (Republican)Tim Burchett (Republican)Jim Hagedorn (Republican)Alexander X. Mooney (Republican)Brett Guthrie (Republican)Jim Banks (Republican)Andy Harris (Republican)Steve Stivers (Republican)Darren Soto (Democratic)Warren Davidson (Republican)Rick W. Allen (Republican)John Ratcliffe (Republican)Van Taylor (Republican)Robert J. Wittman (Republican)C. A. Dutch Ruppersberger (Democratic)Brad R. Wenstrup (Republican)Jackie Walorski (Republican)Ken Buck (Republican)William R. Timmons (Republican)Tom McClintock (Republican)David Rouzer (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)Tim Walberg (Republican)Earl L. "Buddy" Carter (Republican)Ken Calvert (Republican)Peter A. DeFazio (Democratic)Jim Jordan (Republican)Scott Perry (Republican)Dan Newhouse (Republican)Kenny Marchant (Republican)Gus M. Bilirakis (Republican)Walter B. Jones (Republican)Kurt Schrader (Democratic)H. Morgan Griffith (Republican)Jody B. Hice (Republican)Don Bacon (Republican)Justin Amash (Libertarian)Joe Wilson (Republican)Doug Lamborn (Republican)Steve King (Republican)Mike Kelly (Republican)Richard Hudson (Republican)Roger Williams (Republican)Will Hurd (Republican)Denver Riggleman (Republican)Glenn Grothman (Republican)Brian J. Mast (Republican)Ron Estes (Republican)John R. Moolenaar (Republican)John H. Rutherford (Republican)Charles J. "Chuck" Fleischmann (Republican)Daniel Webster (Republican)Michael Cloud (Republican)Mark E. Green (Republican)Mike Gallagher (Republican)Tulsi Gabbard (Democratic)Gary J. Palmer (Republican)Mike Bost (Republican)Scott DesJarlais (Republican)Michael R. Turner (Republican)Ted S. Yoho (Republican)Ron Wright (Republican)Jeff Fortenberry (Republican)Bradley Byrne (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Matt Gaetz (Republican)Robert E. Latta (Republican)Bill Posey (Republican)Ben Cline (Republican)Virginia Foxx (Republican)Tom Graves (Republican)George Holding (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)Louie Gohmert (Republican)Bill Johnson (Republican)Jaime Herrera Beutler (Republican)David P. Roe (Republican)Troy Balderson (Republican)Duncan D. Hunter (Republican)Ross Spano (Republican)

Oversight and Government Reform Committee

Finance and Financial Sector

Related Bills

  • S 116-148: Federal Reserve Transparency Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations