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Federal Reserve Transparency Act of 2024

USA118th CongressS-3566| Senate 
| Updated: 1/10/2024
Rand Paul

Rand Paul

Republican Senator

Kentucky

Cosponsors (10)
Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Mike Lee (Republican)James E. Risch (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Ted Cruz (Republican)John Barrasso (Republican)Chuck Grassley (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Federal Reserve Transparency Act of 2024 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

S 116-148
Federal Reserve Transparency Act of 2019

Bill from Previous Congress

S 117-573
Federal Reserve Transparency Act of 2021
Jan 9, 2023

Latest Companion Bill Action

HR 118-24
Introduced in House
Jan 10, 2024
Introduced in Senate
Jan 10, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-148
    Federal Reserve Transparency Act of 2019


  • Bill from Previous Congress

    S 117-573
    Federal Reserve Transparency Act of 2021


  • January 9, 2023

    Latest Companion Bill Action

    HR 118-24
    Introduced in House


  • January 10, 2024
    Introduced in Senate


  • January 10, 2024
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 118-24: Federal Reserve Transparency Act of 2023

Federal Reserve Transparency Act of 2024

USA118th CongressS-3566| Senate 
| Updated: 1/10/2024
Federal Reserve Transparency Act of 2024 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

S 116-148
Federal Reserve Transparency Act of 2019

Bill from Previous Congress

S 117-573
Federal Reserve Transparency Act of 2021
Jan 9, 2023

Latest Companion Bill Action

HR 118-24
Introduced in House
Jan 10, 2024
Introduced in Senate
Jan 10, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-148
    Federal Reserve Transparency Act of 2019


  • Bill from Previous Congress

    S 117-573
    Federal Reserve Transparency Act of 2021


  • January 9, 2023

    Latest Companion Bill Action

    HR 118-24
    Introduced in House


  • January 10, 2024
    Introduced in Senate


  • January 10, 2024
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Rand Paul

Rand Paul

Republican Senator

Kentucky

Cosponsors (10)
Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Mike Lee (Republican)James E. Risch (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Ted Cruz (Republican)John Barrasso (Republican)Chuck Grassley (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-24: Federal Reserve Transparency Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted