To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Ronald “Ron” Paul
Sponsor. Representative for Texas's 14th congressional district. Republican.
Last Updated: Jan 1, 2013
Length: 6 pages
112th Congress (2011–2013)
This bill was introduced in a previous session of Congress and was passed by the House on July 25, 2012 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
274 Cosponsors (229 Republicans, 45 Democrats)
What legislators are saying
“Congresswoman Jenkins Statement on Federal Reserve's Latest Effort to Stimulate Economy”
— Rep. Lynn Jenkins [R-KS2, 2009-2018] (Co-sponsor) on Sep 13, 2012
“Roe Statement on Legislation to Audit the Federal Reserve”
— Rep. David “Phil” Roe [R-TN1, 2009-2020] (Co-sponsor) on Jul 25, 2012
“Cutting Small Business Red Tape: LAMBORN LEDGER”
— Rep. Doug Lamborn [R-CO5] (Co-sponsor) on Jul 27, 2012
Feb 26, 2009
Earlier Version — Introduced
This activity took place on a related bill, H.R. 1207 (111th).
Jan 26, 2011
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Jun 27, 2012
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
Jul 25, 2012
Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next.
H.R. 459 (112th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 459. This is the one from the 112th Congress.
This bill was introduced in the 112th Congress, which met from Jan 5, 2011 to Jan 3, 2013. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2023). H.R. 459 — 112th Congress: Federal Reserve Transparency Act of 2012. Retrieved from https://www.govtrack.us/congress/bills/112/hr459
“H.R. 459 — 112th Congress: Federal Reserve Transparency Act of 2012.” www.GovTrack.us. 2011. March 31, 2023 <https://www.govtrack.us/congress/bills/112/hr459>
Federal Reserve Transparency Act of 2012, H.R. 459, 112th Cong. (2011).
|title=H.R. 459 (112th)
|accessdate=March 31, 2023
|author=112th Congress (2011)
|date=January 26, 2011
|quote=Federal Reserve Transparency Act of 2012
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.