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

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

113th Congress · introduced 2013-01-03 · Finance and Financial Sector · Latest: Received in the Senate.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2013-01-03 · official record
  2. Who proposed it: Rep. Broun, Paul C. [R-GA-10] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 504 (2014): On Motion to Suspend the Rules and Pass, as Amended, HR24 (2014-09-17), Passed. See all
  4. Where it stands now: Received in the Senate. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Federal Reserve Transparency Act of 2014

Plain 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.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Federal Reserve Transparency Act of 2014

Source: Congressional Research Service summary (Passed House amended)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Broun, Paul C. [R-GA-10] · 228 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Paul A. Gosar (R-AZ), Tim Walberg (R-MI), Robert E. Latta (R-OH), Glenn Thompson (R-PA), John R. Carter (R-TX), Pete Sessions (R-TX), Bill Huizenga (R-MI), Mike Rogers (R-AL), Mark E. Amodei (R-NV), Sam Graves (R-MO), Vern Buchanan (R-FL), Joe Wilson (R-SC), Virginia Foxx (R-NC), Robert J. Wittman (R-VA) and 168 more.

Recorded votes

Words on this page, explained (1)
Appropriation
Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-hr24 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113