2232 ,

Federal Reserve Transparency Act of 2015

This bill directs the Government Accountability Office 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.

Policy Area

Finance and Financial Sector

Legislative Terms

  • accounting and auditing
  • bank accounts, deposits, capital
  • congressional oversight
  • federal reserve system
  • government studies and investigations