The official website of the Northshore Tea Party, the official Tea Party organization of St. Tammany, Washington and Tangipahoa Parishes in Southeast Louisiana.

Forums

Post Reply
Forum Home > The Federal Reserve > Federal Reserve Transparency Act of 2009 - HR 1207

northshoreteaparty
Site Owner
Posts: 53

Hearings are now taking place on Federal Reserve Transparency Act of 2009, H. R. 1207. This bill would authorizes a comprehensive audit on the Federal Reserve.

 

SUMMARY AS OF:

2/26/2009--Introduced.

Federal Reserve Transparency Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.)

Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.

Read more at Congress.org.

September 25, 2009 at 12:21 PM Flag Quote & Reply

You must login to post.