H.R.24: Federal Reserve Transparency Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Paul Broun, R-Ga.
Total Cosponsors 228 (19 Democrats, 209 Republicans)
Introduced Jan. 3, 2013
Latest Major Action Sept. 18, 2014
See it on GovTrack
See it on C-SPAN

When this bill was on the Most Viewed List on Congress.gov

Rank Week Ending
4th Sept. 21, 2014

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

(This measure has not been amended since it was reported to the House on September 16, 2014. The summary of that version is repeated here.)

Federal Reserve Transparency Act of 2014 - Directs the Comptroller General (GAO) to: (1) complete, within 12 months of enactment of this Act, the required audit of the Board of Governors of the Federal Reserve System (Federal Reserve Board) and of the Federal Reserve Banks; and (2) submit to Congress, within 90 days of audit completion, a detailed report of audit findings and conclusions.

Repeals certain limitations placed upon such audit.

Repeals GAO authority to conduct audits of the Federal Reserve Board, a Federal Reserve Bank, or a credit facility pursuant to its determination that they are appropriate for specified assessments of a credit facility or a covered transaction.

(Source: Congressional Research Service)

Bill Actions

Date Description
Sept. 18, 2014 Received in the Senate.
Sept. 17, 2014 Motion to reconsider laid on the table Agreed to without objection.
Sept. 17, 2014

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 333 - 92 (Roll no. 504). (text: CR 9/16/2014 H7588)

Sept. 17, 2014 Considered as unfinished business. (consideration: CR H7635)
Sept. 16, 2014 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Sept. 16, 2014 DEBATE - The House proceeded with forty minutes of debate on H.R. 24.
Sept. 16, 2014 Considered under suspension of the rules. (consideration: CR H7588-7591)
Sept. 16, 2014 Mr. Meadows moved to suspend the rules and pass the bill, as amended.
Sept. 16, 2014 Placed on the Union Calendar, Calendar No. 447.
Sept. 16, 2014 Committee on Financial Services discharged.
Sept. 16, 2014 Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 113-602, Part I.
July 24, 2014 Ordered to be Reported (Amended) by Voice Vote.
July 24, 2014 Committee Consideration and Mark-up Session Held.
Jan. 3, 2013 Referred to House Financial Services
Jan. 3, 2013 Referred to House Oversight and Government Reform