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S.209: Federal Reserve Transparency Act of 2013
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||Rand Paul, R-Ky.|
|Total Cosponsors||32 (1 Democrat, 31 Republicans)|
|Introduced||Feb. 4, 2013|
|Latest Major Action||Feb. 7, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the Senate
- Bill passed in the Senate
- Bill passed in the House
- Bill signed into law
Federal Reserve Transparency Act of 2013 - 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 (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.
Instructs the Comptroller General (GAO) to audit and report on the review of loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Board against supervised financial institutions. Prescribes audit contents, including: (1) the guidance given by the Board to independent consultants retained by the supervised financial institutions regarding procedures to be followed in conducting the file reviews, (2) the factors considered by independent consultants when evaluating loan files and the resu...
(Source: Congressional Research Service)
|Feb. 7, 2013||Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.|
|Feb. 4, 2013||Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.|