Federal Reserve Transparency Act of 2021

Summary

Federal Reserve Transparency Act of 2021 This bill establishes requirements regarding audits of certain financial agencies performed by the Government Accountability Office (GAO). Specifically, the bill directs the GAO to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.

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Timeline

1. 3 March 2021

   Introduced

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

   Source: IntroReferral

2. 3 March 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 3 March 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 March 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 March 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 March 2021

  Open at official source

Sponsors

• Rand Paul · R · Sponsor
• Todd Young · R · Sponsor
• John Barrasso · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• John Boozman · R · Sponsor
• Sen. Portman, Rob [R-OH] · R · Sponsor
• James Lankford · R · Sponsor
• Mike Lee · R · Sponsor
• · ssbk00 · Standing

Related records

• related to → Federal Reserve Transparency Act of 2024
• related to → Federal Reserve Transparency Act of 2021
• related to ← Federal Reserve Transparency Act of 2019