About the bill
The Federal Reserve Transparency Act calls for an audit of Federal Reserve system by the Comptroller General within 1 year of the passing of this bill. The report will also contain any appropriate legislative action deemed appropriate. The report will be available to congressional leadership and accessible by all congressmen.
Similar bills, which would require the Federal Reserve to publish online its transactions with banks, were introduced in the 111th and 112th Congresses by Congressmen Bernie Sanders, Ron Paul, and Rand Paul. The House passed a version of the bill as part of the Wall Street Reform and Consumer Protection Act of 2009. However, versions of the bill have not made it out of committee in the Senate. Congressman Paul Broun Jr. [R-GA10] introduced this bill in the House during …
Sponsor and status
113th Congress (2013–2015)
This bill was introduced in a previous session of Congress and was passed by the House on September 17, 2014 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).
228 Cosponsors (209 Republicans, 19 Democrats)
Position statements
What legislators are saying
“Audit the Fed”
—
Rep. Kay Granger [R-TX12]
(Co-sponsor)
on Sep 26, 2014
“View From the Capitol - Congresswoman Vicky Hartzler's Newsletter for the Week of September 15-19, 2014”
—
Rep. Vicky Hartzler [R-MO4, 2011-2022]
(Co-sponsor)
on Sep 19, 2014
“On the House Floor This Week - 9/15/14”
—
Rep. John K. Delaney [D-MD6, 2013-2018]
on Sep 15, 2014
History
H.R. 24 (113th) 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. 24. This is the one from the 113th Congress.
This bill was introduced in the 113th Congress, which met from Jan 3, 2013 to Jan 2, 2015. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.R. 24 — 113th Congress: Federal Reserve Transparency Act of 2014.” www.GovTrack.us. 2013. March 24, 2023 <https://www.govtrack.us/congress/bills/113/hr24>
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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.
