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Federal Reserve Transparency Act of 2021

USA117th CongressHR-24| House 
| Updated: 1/4/2021
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (65)
David Schweikert (Republican)Bob Good (Republican)Paul A. Gosar (Republican)Michael C. Burgess (Republican)Steve Chabot (Republican)Adrian Smith (Republican)Mo Brooks (Republican)Yvette Herrell (Republican)John Katko (Republican)Markwayne Mullin (Republican)Eric A. "Rick" Crawford (Republican)Marjorie Taylor Greene (Republican)Tim Burchett (Republican)Alexander X. Mooney (Republican)Brett Guthrie (Republican)Warren Davidson (Republican)Rick W. Allen (Republican)Neal P. Dunn (Republican)Van Taylor (Republican)Robert J. Wittman (Republican)Jackie Walorski (Republican)Ken Buck (Republican)William R. Timmons (Republican)Tom McClintock (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)Tim Walberg (Republican)Earl L. "Buddy" Carter (Republican)Ken Calvert (Republican)Jim Jordan (Republican)Scott Perry (Republican)H. Morgan Griffith (Republican)Jody B. Hice (Republican)Don Bacon (Republican)Doug Lamborn (Republican)Mike Kelly (Republican)Roger Williams (Republican)Kat Cammack (Republican)Glenn Grothman (Republican)Brian J. Mast (Republican)Ron Estes (Republican)John H. Rutherford (Republican)Dan Bishop (Republican)Daniel Webster (Republican)Michael Cloud (Republican)Mark E. Green (Republican)Lauren Boebert (Republican)Gary J. Palmer (Republican)Mary E. Miller (Republican)Scott DesJarlais (Republican)Michael R. Turner (Republican)Ron Wright (Republican)Jeff Fortenberry (Republican)Vicky Hartzler (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Matt Gaetz (Republican)Bill Posey (Republican)Randy K. Sr. Weber (Republican)Ben Cline (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)Louie Gohmert (Republican)Jaime Herrera Beutler (Republican)Brian Babin (Republican)

Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Federal Reserve Transparency Act of 2021 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 116-24
Federal Reserve Transparency Act of 2019

Bill from Previous Congress

HR 115-24
Federal Reserve Transparency Act of 2017
Jan 4, 2021
Introduced in House
Jan 4, 2021
Referred to the House Committee on Oversight and Reform.
Mar 3, 2021

Latest Companion Bill Action

S 117-573
Introduced in Senate
  • Bill from Previous Congress

    HR 116-24
    Federal Reserve Transparency Act of 2019


  • Bill from Previous Congress

    HR 115-24
    Federal Reserve Transparency Act of 2017


  • January 4, 2021
    Introduced in House


  • January 4, 2021
    Referred to the House Committee on Oversight and Reform.


  • March 3, 2021

    Latest Companion Bill Action

    S 117-573
    Introduced in Senate

Finance and Financial Sector

Related Bills

  • S 117-573: Federal Reserve Transparency Act of 2021
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations

Federal Reserve Transparency Act of 2021

USA117th CongressHR-24| House 
| Updated: 1/4/2021
Federal Reserve Transparency Act of 2021 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 116-24
Federal Reserve Transparency Act of 2019

Bill from Previous Congress

HR 115-24
Federal Reserve Transparency Act of 2017
Jan 4, 2021
Introduced in House
Jan 4, 2021
Referred to the House Committee on Oversight and Reform.
Mar 3, 2021

Latest Companion Bill Action

S 117-573
Introduced in Senate
  • Bill from Previous Congress

    HR 116-24
    Federal Reserve Transparency Act of 2019


  • Bill from Previous Congress

    HR 115-24
    Federal Reserve Transparency Act of 2017


  • January 4, 2021
    Introduced in House


  • January 4, 2021
    Referred to the House Committee on Oversight and Reform.


  • March 3, 2021

    Latest Companion Bill Action

    S 117-573
    Introduced in Senate
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (65)
David Schweikert (Republican)Bob Good (Republican)Paul A. Gosar (Republican)Michael C. Burgess (Republican)Steve Chabot (Republican)Adrian Smith (Republican)Mo Brooks (Republican)Yvette Herrell (Republican)John Katko (Republican)Markwayne Mullin (Republican)Eric A. "Rick" Crawford (Republican)Marjorie Taylor Greene (Republican)Tim Burchett (Republican)Alexander X. Mooney (Republican)Brett Guthrie (Republican)Warren Davidson (Republican)Rick W. Allen (Republican)Neal P. Dunn (Republican)Van Taylor (Republican)Robert J. Wittman (Republican)Jackie Walorski (Republican)Ken Buck (Republican)William R. Timmons (Republican)Tom McClintock (Republican)Andy Biggs (Republican)Jeff Duncan (Republican)Tim Walberg (Republican)Earl L. "Buddy" Carter (Republican)Ken Calvert (Republican)Jim Jordan (Republican)Scott Perry (Republican)H. Morgan Griffith (Republican)Jody B. Hice (Republican)Don Bacon (Republican)Doug Lamborn (Republican)Mike Kelly (Republican)Roger Williams (Republican)Kat Cammack (Republican)Glenn Grothman (Republican)Brian J. Mast (Republican)Ron Estes (Republican)John H. Rutherford (Republican)Dan Bishop (Republican)Daniel Webster (Republican)Michael Cloud (Republican)Mark E. Green (Republican)Lauren Boebert (Republican)Gary J. Palmer (Republican)Mary E. Miller (Republican)Scott DesJarlais (Republican)Michael R. Turner (Republican)Ron Wright (Republican)Jeff Fortenberry (Republican)Vicky Hartzler (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Matt Gaetz (Republican)Bill Posey (Republican)Randy K. Sr. Weber (Republican)Ben Cline (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)Louie Gohmert (Republican)Jaime Herrera Beutler (Republican)Brian Babin (Republican)

Oversight and Government Reform Committee

Finance and Financial Sector

Related Bills

  • S 117-573: Federal Reserve Transparency Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations