HR 24 · 115th Congress · Finance and Financial Sector

Federal Reserve Transparency Act of 2017

Introduced 2017-01-03· Sponsored by Rep. Massie, Thomas [R-KY-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 228.(2017-09-21)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Reserve Transparency Act of 2017 This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to: (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 24, Federal Reserve Transparency Act of 2017

Apr 19, 2017

As ordered reported by the House Committee on Oversight and Government Reform on March 28, 2017

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

20 Republicans