[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 24 Reported in House (RH)]
Union Calendar No. 447
113th CONGRESS
2d Session
H. R. 24
[Report No. 113-602, Part I]
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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2013
Mr. Broun of Georgia introduced the following bill; which was referred
to the Committee on Oversight and Government Reform, and in addition to
the Committee on Financial Services, for a period to be subsequently
determined by the Speaker, in each case for consideration of such
provisions as fall within the jurisdiction of the committee concerned
September 16, 2014
Additional sponsors: Mr. Jones, Mr. Loebsack, Mr. Michaud, Mr.
McIntyre, Mr. DeFazio, Mr. Camp, Mr. Gosar, Mr. Peterson, Mr. Terry,
Mr. Walberg, Mr. Luetkemeyer, Mr. Coble, Mr. Radel, Mr. Nunnelee, Mr.
Goodlatte, Mr. Latta, Mr. Yoho, Mr. Burgess, Mr. Stockman, Mr. Amash,
Mr. Hanna, Mr. Thompson of Pennsylvania, Mr. Lance, Mr. Heck of Nevada,
Mr. Carter, Mr. Griffin of Arkansas, Mr. Pearce, Mr. Walden, Mr.
Barletta, Mr. Runyan, Mr. Westmoreland, Mr. Fortenberry, Mr.
Farenthold, Mr. Chaffetz, Mr. Lamborn, Mr. Marino, Mrs. Miller of
Michigan, Mrs. Bachmann, Mr. Duncan of South Carolina, Mr. King of
Iowa, Mrs. Hartzler, Mrs. Black, Mr. Sessions, Mr. Schock, Mr. Huizenga
of Michigan, Mr. Fincher, Mr. Rogers of Alabama, Mr. Gowdy, Mr. Roe of
Tennessee, Mr. Amodei, Mr. Graves of Missouri, Mr. Culberson, Mr.
Bonner, Mr. Barton, Mr. Buchanan, Mr. Wilson of South Carolina, Ms.
Foxx, Mr. Stivers, Mr. Wittman, Mr. Bucshon, Mr. Womack, Mr. Simpson,
Mr. Sensenbrenner, Mr. Long, Mr. DesJarlais, Mr. Webster of Florida,
Mr. Scalise, Mr. Hastings of Washington, Mr. Tiberi, Ms. Pingree of
Maine, Mr. Woodall, Mr. Roskam, Mr. Wolf, Mr. Harris, Mrs. Capito, Mr.
Griffith of Virginia, Mr. McKinley, Mr. Huelskamp, Mr. Gerlach, Mr.
Smith of Nebraska, Mr. Hunter, Mr. Whitfield, Mr. Joyce, Mr. Collins of
Georgia, Mr. Alexander, Mr. Olson, Mr. Weber of Texas, Mr. Gardner, Mr.
Nugent, Mr. Austin Scott of Georgia, Mrs. Noem, Mrs. Blackburn, Mr.
LaMalfa, Mr. Pompeo, Mr. Rokita, Mr. Yoder, Mr. Poe of Texas, Mr. Hurt,
Mr. Latham, Mr. Flores, Mr. Forbes, Mr. Duncan of Tennessee, Mr.
McCaul, Mr. Johnson of Ohio, Mr. Gibson, Mr. Welch, Mr. Calvert, Mr.
Bilirakis, Mr. Turner, Mr. Bentivolio, Mr. Kline, Mr. Barr, Mr.
Frelinghuysen, Mr. Paulsen, Mr. DeSantis, Mr. Posey, Mrs. Lummis, Mr.
Young of Indiana, Mr. Miller of Florida, Mr. Mica, Mr. Aderholt, Mr.
Stutzman, Mr. Crawford, Mr. Cassidy, Mr. Boustany, Mr. Fleischmann, Mr.
Meehan, Mr. Wenstrup, Mr. Jordan, Mr. Grimm, Ms. Jenkins, Mr. Tipton,
Mr. Young of Florida, Mr. Massie, Mr. Rodney Davis of Illinois, Mr.
Lankford, Mr. Lipinski, Mr. Benishek, Mr. Salmon, Mr. Duffy, Mr. Young
of Alaska, Mr. Stewart, Mr. Schweikert, Mr. McClintock, Mr. Cotton, Mr.
Owens, Mr. Sanford, Mr. Daines, Mr. Murphy of Pennsylvania, Mr. Kelly
of Pennsylvania, Mr. Upton, Mr. Marchant, Mr. Smith of Missouri, Mr.
Franks of Arizona, Mr. Gohmert, Mr. Braley of Iowa, Mr. Rohrabacher,
Mr. Guthrie, Mr. Kingston, Mr. Cramer, Mr. Meadows, Mr. Diaz-Balart,
Mr. Collins of New York, Mr. Rigell, Mr. Maffei, Mr. Barrow of Georgia,
Mrs. Ellmers, Mr. Gene Green of Texas, Mr. Harper, Ms. Ros-Lehtinen,
Mr. Palazzo, Mr. Graves of Georgia, Mr. Polis, Mr. Lucas, Mr. Valadao,
Mr. LoBiondo, Mr. Pittenger, Mr. Grayson, Mr. Ross, Mr. Shuster, Mr.
Smith of Texas, Mr. McAllister, Mr. Hudson, Mr. Fitzpatrick, Mr. Hall,
Mr. Denham, Mr. Coffman, Mr. Bishop of Utah, Mr. Sam Johnson of Texas,
Mr. Visclosky, Mr. Gingrey of Georgia, Mr. Tierney, Mr. Ribble, Mr.
Mulvaney, Mr. Labrador, Mr. Fleming, Mr. Price of Georgia, Mr. Cole,
Mr. Thornberry, Mr. Rothfus, Mr. Reed, Mr. Conaway, Mr. Neugebauer, Mr.
Rice of South Carolina, Mr. Bridenstine, Mr. Cook, Mr. Renacci, Mr.
Ruppersberger, Mr. Gary G. Miller of California, Ms. Herrera Beutler,
Mr. Rooney, Mr. Jolly, Mr. Mullin, Mr. Chabot, Mr. Perry, Mr. Gibbs,
Mrs. Wagner, Mr. Garrett, Mr. Petri, Mr. Williams, Mr. Brooks of
Alabama, Mr. Pitts, Mr. Crenshaw, Mr. Smith of New Jersey, Mr. Shimkus,
Ms. Granger, Mrs. Walorski, and Ms. Lofgren
September 16, 2014
Reported from the Committee on Oversight and Government Reform with an
amendment
[Strike out all after the enacting clause and insert the part printed
in italic]
September 16, 2014
The Committee on Financial Services discharged; committed to the
Committee of the Whole House on the State of the Union and ordered to
be printed
[For text of introduced bill, see copy of bill as introduced on January
3, 2013]
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Federal Reserve Transparency Act of
2014''.
SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM.
(a) In General.--Notwithstanding section 714 of title 31, United
States Code, or any other provision of law, the Comptroller General
shall complete an audit of the Board of Governors of the Federal
Reserve System and the Federal reserve banks under subsection (b) of
such section 714 within 12 months after the date of the enactment of
this Act.
(b) Report.--
(1) In general.--Not later than 90 days after the audit
required pursuant to subsection (a) is completed, the
Comptroller General--
(A) shall submit to Congress a report on such
audit; and
(B) shall make such report available to the Speaker
of the House, the majority and minority leaders of the
House of Representatives, the majority and minority
leaders of the Senate, the Chairman and Ranking Member
of the committee and each subcommittee of jurisdiction
in the House of Representatives and the Senate, and any
other Member of Congress who requests the report.
(2) Contents.--The report under paragraph (1) shall include
a detailed description of the findings and conclusion of the
Comptroller General with respect to the audit that is the
subject of the report, together with such recommendations for
legislative or administrative action as the Comptroller General
may determine to be appropriate.
(c) Repeal of Certain Limitations.--Subsection (b) of section 714
of title 31, United States Code, is amended by striking the second
sentence.
(d) Technical and Conforming Amendments.--Section 714 of title 31,
United States Code, is amended--
(1) in subsection (d)(3)--
(A) in subparagraph (A)--
(i) by striking ``or (f)'';
(ii) in clause (i), by striking ``or (f)'';
and
(iii) in clause (ii), by striking ``or
(f)''; and
(B) in subparagraph (C), by striking ``or (f)'';
and
(2) by striking subsection (f).
Union Calendar No. 447
113th CONGRESS
2d Session
H. R. 24
[Report No. 113-602, Part I]
_______________________________________________________________________
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.
_______________________________________________________________________
September 16, 2014
Reported from the Committee on Oversight and Government Reform with an
amendment
September 16, 2014
The Committee on Financial Services discharged; committed to the
Committee of the Whole House on the State of the Union and ordered to
be printed