H.R. 33: Audit The Fed Act of 2013

Introduced:
Jan 03, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. Steve Stockman [R-TX36]
Status:
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 assigned to a congressional committee on January 3, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Jan 03, 2013
Referred to Committee Jan 03, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

6% chance of getting past committee.
1% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [ methodology]

Cosponsors
1 cosponsors (1R) (show)
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 Jan 03, 2013.
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.

1/3/2013--Introduced.
Audit The Fed Act of 2013 - Repeals the authority of the Comptroller General (GAO) to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing.
(Retains the authority of the Comptroller General to audit a federal agency.) Directs the Comptroller General to complete, before the end of 2014, 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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No summary available.

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.)