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H.R. 24: Federal Reserve Transparency Act of 2021

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H.R. 24: Federal Reserve Transparency Act of 2021

117th Congress · introduced 2021-01-04 · Finance and Financial Sector · Latest: Referred to the House Committee on Oversight and Reform.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-01-04 · 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: Referred to the House Committee on Oversight and Reform. 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 2021

Plain summary

Federal Reserve Transparency Act of 2021 This bill establishes requirements regarding audits of certain financial agencies performed by the Government Accountability Office (GAO). Specifically, the bill directs the 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.

Congressional Research Service summary (Introduced in House), 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 2021

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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

Officials and money

Sponsor: Rep. Massie, Thomas [R-KY-4] · 65 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Robert J. Wittman (R-VA), Paul A. Gosar (R-AZ), Brian K. Fitzpatrick (R-PA), Jim Jordan (R-OH), Brian J. Mast (R-FL), Rick W. Allen (R-GA), Gary J. Palmer (R-AL), Tom McClintock (R-CA), Scott Perry (R-PA), Scott DesJarlais (R-TN), Tim Burchett (R-TN), Warren Davidson (R-OH), Ralph Norman (R-SC), Brett Guthrie (R-KY), Ken Calvert (R-CA), William R. Timmons IV (R-SC), Adrian Smith (R-NE), Andy Biggs (R-AZ), Eric A. "Rick" Crawford (R-AR), Earl L. "Buddy" Carter (R-GA), H. Morgan Griffith (R-VA), Roger Williams (R-TX), Daniel Webster (R-FL), Ben Cline (R-VA), Lauren Boebert (R-CO), Don Bacon (R-NE), Glenn Grothman (R-WI), Mike Kelly (R-PA), David Schweikert (R-AZ), Tom Emmer (R-MN), Ron Estes (R-KS), Randy K. Weber, Sr. (R-TX), Brian Babin (R-TX), Michael Cloud (R-TX), Michael R. Turner (R-OH), Kat Cammack (R-FL), John H. Rutherford (R-FL), Tim Walberg (R-MI) and 5 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-cong117-hr24 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117