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.

Summary

Federal Reserve Transparency Act of 2013 - Directs the Comptroller General (GAO) to: (1) complete, within 12 months of enactment of this Act, the required audit of the Board of Governors of the Federal Reserve System (Board) and of the Federal Reserve Banks; and (2) submit to Congress, within 90 days of audit completion, a detailed report of audit findings and conclusions. Repeals certain limitations placed upon such audit. Instructs the Comptroller General (GAO) to 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. Prescribes audit contents, including: (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.

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

Timeline

1. 4 February 2013

   Introduced

   Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

   Source: Calendars

2. 4 February 2013

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 7 February 2013

   Calendars

   Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.

   Source: Calendars

Votes

No vote records are attached yet.

Versions

• Placed on Calendar Senate · 7 February 2013 · Download file

Documents

3 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 7 February 2013

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 7 February 2013

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 4 February 2013

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Paul, Rand [R-KY] · R · Sponsor
• Sen. Vitter, David [R-LA] · R · Sponsor
• Sen. Cruz, Ted [R-TX] · R · Sponsor
• Sen. Ayotte, Kelly [R-NH] · R · Sponsor
• Sen. Barrasso, John [R-WY] · R · Sponsor
• Sen. Begich, Mark [D-AK] · D · Sponsor
• Sen. Boozman, John [R-AR] · R · Sponsor
• Sen. Burr, Richard [R-NC] · R · Sponsor
• Sen. Chambliss, Saxby [R-GA] · R · Sponsor
• Sen. Coburn, Tom [R-OK] · R · Sponsor
• Sen. Enzi, Michael B. [R-WY] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Heller, Dean [R-NV] · R · Sponsor
• Sen. Lee, Mike [R-UT] · R · Sponsor
• Sen. Risch, James E. [R-ID] · R · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Cornyn, John [R-TX] · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• Sen. McConnell, Mitch [R-KY] · R · Cosponsor
• Sen. Thune, John [R-SD] · R · Cosponsor
• Sen. Collins, Susan M. [R-ME] · R · Cosponsor
• Sen. Sessions, Jeff [R-AL] · R · Cosponsor
• Sen. Crapo, Mike [R-ID] · R · Cosponsor
• Sen. Murkowski, Lisa [R-AK] · R · Cosponsor
• Sen. Portman, Rob [R-OH] · R · Cosponsor
• Sen. Scott, Tim [R-SC] · R · Cosponsor
• Sen. Moran, Jerry [R-KS] · R · Cosponsor
• Sen. Graham, Lindsey [R-SC] · R · Cosponsor
• Sen. Cochran, Thad [R-MS] · R · Cosponsor
• Sen. Isakson, Johnny [R-GA] · R · Cosponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Cosponsor

Related records

• related to → Federal Reserve Transparency Act of 2014