- Taps the Government Accountability Office (GAO) to perform the audit on the FED and its banks
- Repeals certain provisions that currently outlaw the GAO from auditing the FED's monetary policies
- Allows the GAO to audit the FED’s transactions with foreign central banks, foreign governments and other organizations.
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house Passed September 17th, 2014Roll Call Vote 333 Yea / 92 Nay
House Committee on Oversight and Government ReformHouse Committee on Financial ServicesIntroducedJanuary 3rd, 2013
- house Committees
What is it?
The last time the FED was audited was when the Dodd-Frank Wall Street Reform and Consumer Protection Act passed in 2010.
With this audit, H.R. 24 aims to ascertain whether or not the U.S. central bank is engaging in safe practices that support a stable economy.
(Photo Credit: Wikipedia Contributor TonyTheTiger)