U.S. Congress - H.R.1207 Federal Reserve Transparency Act of 2009
H.R.1207 - Federal Reserve Transparency Act of 2009
To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. view all titles (2)
All Bill Titles
- Short: Federal Reserve Transparency Act of 2009 as introduced.
- Official: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. as introduced.
Bill's Views
- Today: 30
- Past Seven Days: 114
- All-Time: 117,383
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Committees
OpenCongress Summary
This bill would repeal special audit protections for the Federal Reserve (31 USC 714 – Sec. 714) and calls for a full Government Accountability Office audit of the central bank to be completed before the end of 2010 and submitted to Congress for review. More background and info here.Official Summary
2/26/2009--Introduced.Federal Reserve Transparency Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authOfficial Summary
2/26/2009--Introduced.Federal Reserve Transparency Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.) Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress....Read the Rest
Organizations Supporting H.R.1207
- Campaign for Liberty
- Public Citizen
- Americans for Tax Reform
- U.S. Public Interest Research Groups
- National Taxpayers Union
- Freedomworks
- ...and 1 more. See all.
Organizations Opposing H.R.1207
- American Bankers Association
- The Financial Services Roundtable
Latest Letters to Congress
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H.R.1207 Federal Reserve Transparency Act of 2009
Ronulan2468
May 09, 2012
I am writing as your constituent in the 2nd Congressional district of Virginia. I support H.R.1207 - Federal Reserve Transparency Act of 2009, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Joseph Longobardo -
H.R.1207 Federal Reserve Transparency Act of 2009
sweetp
December 29, 2011
I am writing as your constituent in the 42nd Congressional district of California. I support H.R.1207 - Federal Reserve Transparency Act of 2009, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability. This bill would repeal special audit protections for the Federal Reserve (31 USC 714 – Sec. 714) and calls for a full Government Accountability Office audit of the central bank to be completed before the end of 2010 and submit...
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