S. 2232: Federal Reserve Transparency Act of 2015

Introduced:

Nov 3, 2015

Status:

Failed Cloture on Jan 12, 2016

This bill is provisionally dead due to a failed vote for cloture on January 12, 2016. Cloture is required to move past a Senate filibuster or the threat of a filibuster and takes a 3/5ths vote. In practice, most bills must pass cloture to move forward in the Senate.

Sponsor:

Rand Paul

Junior Senator from Kentucky

Republican

Text:

Read Text »
Last Updated: Nov 4, 2015
Length: 4 pages

Prognosis:

21% chance of being enacted (details)

See Instead:

H.R. 24 (same title)
Reported by Committee — May 17, 2016

About the bill

Full Title

A bill 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.

Summary

The Federal Reserve Transparency Act of 2015 would have opened up the Federal Reserve System to a more complete audit. The bill, long advocated for by its sponsor Sen. Rand Paul (R-KY) and his father, former Rep. Ron Paul (R-TX), was rejected by a vote of 53–44, with most Republicans voting in favor and most Democrats voting against. Sixty ...

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History

Nov 3, 2015
 
Introduced

This is the first step in the legislative process.

Nov 4, 2015
 
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jan 12, 2016
 
Failed Cloture in the Senate

The Senate must often vote to end debate before voting on a bill, called a cloture vote. The vote on cloture failed. This is often considered a filibuster. The Senate may try again.

 
Passed Senate

 
Passed House

 
Signed by the President

This page is about 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.

Links & tools

Primary Source

Congress.gov

Congress.gov is updated generally one day after events occur. Legislative activity since the last update may not be reflected on GovTrack. Data via congress project.

Citation

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