3.0.0 264 2023-01-11T13:28:49Z 2023-01-11T13:28:49Z Senate S 2015-01-27 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2015-01-27T21:29:26Z Federal Reserve Transparency Act of 2015 114 2232 S 2016-01-12 Motion to proceed to consideration of measure withdrawn in Senate. (consideration: CR S63) Related bill CRS 2015-01-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2015-01-27 Introduced in Senate IntroReferral 10000 9 Library of Congress P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY N A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2015-01-27 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2015-01-27 True B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2015-01-27 True B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2015-01-27 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2015-01-27 True C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2015-01-27 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2015-01-27 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2015-01-27 True C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2015-01-27 True G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2015-01-27 True G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2015-01-27 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2015-01-27 True H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2015-01-27 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2015-01-27 True K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2015-01-27 True L000575 Sen. Lankford, James [R-OK] James Lankford R OK 2015-01-27 True L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT 2015-01-27 True M000355 Sen. McConnell, Mitch [R-KY] Mitch McConnell R KY 2015-01-27 True M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2015-01-27 True M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2015-01-27 True P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2015-01-27 True R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2015-01-27 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2015-01-27 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2015-01-27 True T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2015-01-27 True T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2015-01-27 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2015-01-27 True P000612 Sen. Perdue, David [R-GA] David Perdue R GA Alfred 2015-01-27 True C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2015-01-27 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2015-01-27 True S001141 Sen. Sessions, Jeff [R-AL] Jeff Sessions R AL 2015-02-10 False D000618 Sen. Daines, Steve [R-MT] Steve Daines R MT 2015-02-24 False R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2015-11-03 False S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2015-11-05 False Finance and Financial Sector Accounting and auditing Bank accounts, deposits, capital Congressional oversight Federal Reserve System Government studies and investigations Housing finance and home ownership Finance and Financial Sector 00 2015-01-27 Introduced in Senate 2016-01-04T19:46:29Z Federal Reserve Transparency Act of 2015

This bill directs the Government Accountability Office (GAO) 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.

GAO shall audit and report on the review of loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Board against supervised financial institutions.

Audit contents shall include: (1) the guidance given by the Board to independent consultants retained by the supervised financial institutions regarding procedures to be followed in conducting the file reviews; (2) the factors considered by independent consultants when evaluating loan files and the results obtained pursuant to those reviews; and (3) the determinations made by such consultants regarding the nature and extent of financial injury sustained by each homeowner, as well as the level and type of remediation offered.

]]> Federal Reserve Transparency Act of 2015 Display Title Federal Reserve Transparency Act of 2015 Official Title as Introduced A bill to require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes. Introduced in Senate IS Short Titles as Introduced Federal Reserve Transparency Act of 2015 Introduced in Senate 2015-01-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s264is/xml/BILLS-114s264is.xml 2015-01-27 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.