H.R. 1496 (112th): Federal Reserve Transparency Act

Introduced:
Apr 12, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Ronald “Ron” Paul [R-TX14]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on April 12, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 12, 2011
Referred to Committee Apr 12, 2011
Cosponsors
none
Committees

House Oversight and Government Reform

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Summary

No summaries available.

Text

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Last updated Apr 12, 2011.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/12/2011--Introduced.
Federal Reserve Transparency Act - Directs the Comptroller General to complete, within 12 months after enactment of this Act, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.

House Republican Conference Summary

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House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)