A bill to authorize and direct the General Accounting Office to audit the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and Federal Reserve banks and their branches.

Summary

Directs the Comptroller General to audit annually the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and all Federal Reserve banks and branches. Requires the Comptroller General to report to the Congress within six months after the end of each fiscal year on the results of the audit. States that such report shall specifically indicate any program, financial transaction, or undertaking observed in the course of the audit which in the opinion of the Comptroller General has been carried out without legal authority.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 March 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

2. 26 March 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 March 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 26 March 1975

  Open at official source

Sponsors

• Rep. Patman, Wright [D-TX-1] · D · Sponsor
• Rep. Wright, James C., Jr. [D-TX-12] · D · Cosponsor
• Rep. Chisholm, Shirley [D-NY-12] · D · Cosponsor
• Rep. Chappell, Bill, Jr. [D-FL-4] · D · Cosponsor
• Rep. Keys, Martha E. [D-KS-2] · D · Cosponsor
• Rep. Duncan, Robert B. [D-OR-3] · D · Cosponsor
• Rep. Oberstar, James L. [D-MN-8] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → A bill to authorize and direct the General Accounting Office to audit the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee and Federal Reserve banks and their branches.