S. 2232: Federal Reserve Transparency Act of 2015

114th Congress · introduced 2015-11-03 · Finance and Financial Sector · Latest: Motion to proceed to consideration of measure withdrawn in Senate. (consideration: CR S63)

federal

Follow this bill, step by step

Where it came from: introduced 2015-11-03 · official record
Who proposed it: Sen. Paul, Rand [R-KY] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: Senate vote 2 (2016): On Cloture on the Motion to Proceed, S2232 (2016-01-12), Cloture on the Motion to Proceed Rejected. See all
Where it stands now: Motion to proceed to consideration of measure withdrawn in Senate. (consideration: CR S63) Not final yet: this can still change. We check for updates every day.
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 This bill directs the Government Accountability Office to: (1) commence and complete an audit of the Board of Governors of the Federal Reserve System and of the Federal Reserve Banks within 12 months of enactment of this Act, and (2) report findings and conclusions to Congress within 90 days of completing the audit. The bill also repeals certain limitations upon such an audit.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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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.

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What does this mean? (plain words)

Official text

Federal Reserve Transparency Act of 2015

Source: Congressional Research Service summary (Introduced in Senate)

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

Officials and money

Sponsor: Sen. Paul, Rand [R-KY] · 26 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

John Barrasso (R-WY), John Boozman (R-AR), Shelley Moore Capito (R-WV), Mike Crapo (R-ID), Ted Cruz (R-TX), Steve Daines (R-MT), Chuck Grassley (R-IA), Mike Lee (R-UT), Mitch McConnell (R-KY), James E. Risch (R-ID), John Cornyn (R-TX), Tim Scott (R-SC), James Lankford (R-OK), Dan Sullivan (R-AK)

Sponsor's campaign money: Sen. Paul, Rand [R-KY] reported raising $4.6 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

Senate vote 2 (2016): On Cloture on the Motion to Proceed, S2232 (2016-01-12): Cloture on the Motion to Proceed Rejected

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

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114s2232.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/s>

Record fed-us-cong114-s2232 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114