PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

H.R. 24: Federal Reserve Transparency Act of 2015

Before you vote › Federal bills

H.R. 24: Federal Reserve Transparency Act of 2015

114th Congress · introduced 2015-01-06 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 536.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-01-06 · official record
  2. Who proposed it: Rep. Massie, Thomas [R-KY-4] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Placed on the Union Calendar, Calendar No. 536. 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 2015

Plain summary

Federal Reserve Transparency Act of 2015 (Sec. 2) This bill directs the Government Accountability Office to: (1) complete, within 12 months of enactment, 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. The bill repeals certain limitations placed upon audits of the Federal Reserve Board and Federal Reserve banks concerning: (1) international financial transactions, (2) deliberations or actions on monetary policy matters, (3) transactions made under the direction of the Federal Open Market Committee, or (4) a part of a discussion or communication among members of the Federal Reserve Board and officers and employees of the Federal Reserve System related to these matters.

Congressional Research Service summary (Reported to House with amendment(s)), 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 2015

Source: Congressional Research Service summary (Reported to House with amendment(s))

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Rep. Massie, Thomas [R-KY-4] · 201 cosponsors

Cost estimate: CBO cost estimate: H.R. 24, Federal Reserve Transparency Act of 2015 (2016-07-14)

Cosponsors on this site

Mark E. Amodei (R-NV), Tom Cole (R-OK), Kevin Cramer (R-ND), Charles J. "Chuck" Fleischmann (R-TN), Paul A. Gosar (R-AZ), H. Morgan Griffith (R-VA), Brett Guthrie (R-KY), Tom McClintock (R-CA), Mike Rogers (R-AL), Randy K. Weber, Sr. (R-TX), Steve Womack (R-AR), Marsha Blackburn (R-TN), Glenn Thompson (R-PA), Tim Walberg (R-MI) and 141 more.

Sponsor's campaign money: Rep. Massie, Thomas [R-KY-4] reported raising $8.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr24 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114