Federal Reserve Transparency Act of 2015

Summary

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.

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Timeline

1. 27 January 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 27 January 2015

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 January 2015 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 January 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 January 2015

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 27 January 2015

  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. Ayotte, Kelly [R-NH] · R · Sponsor
• Sen. Barrasso, John [R-WY] · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• Sen. Boozman, John [R-AR] · R · Sponsor
• Sen. Burr, Richard [R-NC] · R · Sponsor
• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Sen. Cornyn, John [R-TX] · R · Sponsor
• Sen. Crapo, Mike [R-ID] · R · Sponsor
• Sen. Cruz, Ted [R-TX] · R · Sponsor
• Sen. Gardner, Cory [R-CO] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Heller, Dean [R-NV] · R · Sponsor
• Sen. Isakson, Johnny [R-GA] · R · Sponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Sponsor
• Sen. Lankford, James [R-OK] · R · Sponsor
• Sen. Lee, Mike [R-UT] · R · Sponsor
• Sen. McConnell, Mitch [R-KY] · R · Sponsor
• Sen. Moran, Jerry [R-KS] · R · Sponsor
• Sen. Murkowski, Lisa [R-AK] · R · Sponsor
• Sen. Portman, Rob [R-OH] · R · Sponsor
• Sen. Risch, James E. [R-ID] · R · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Scott, Tim [R-SC] · R · Sponsor
• Sen. Thune, John [R-SD] · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Sen. Vitter, David [R-LA] · R · Sponsor
• Sen. Perdue, David [R-GA] · R · Sponsor
• Sen. Capito, Shelley Moore [R-WV] · R · Sponsor
• Sen. Hirono, Mazie K. [D-HI] · D · Sponsor
• Sen. Sessions, Jeff [R-AL] · R · Cosponsor
• Sen. Daines, Steve [R-MT] · R · Cosponsor
• Sen. Roberts, Pat [R-KS] · R · Cosponsor
• Sen. Sullivan, Dan [R-AK] · R · Cosponsor
• · ssbk00 · Standing

Related records

• related to ← Federal Reserve Transparency Act of 2015