Event

House vote on the Federal Reserve Transparency Act

On 25 July 2012 the House passed H.R. 459, which would have required more comprehensive GAO audits of the Federal Reserve.

3 links, 3 backed by primary records

Connections 3

U.S. Congress the House passed the bill 327 to 98 Primary record 1
Federal Reserve the subject of the audits the bill would extend Primary record 1 2
Federal Reserve its reply: policy decisions are shielded from political pressure According to Federal Reserve Primary record 3

Timeline 1 date

Proof 3 sources

Thompson Co-Sponsored Legislation to Audit the Federal Reserve Passes the House, Office of Representative Glenn Thompson, 25 Jul 2012. Primary record
The measure passed the House with bipartisan support by a vote of 327-98.
which requires more comprehensive audits of the United States Federal Reserve by the Government Accountability Office (GAO)
Oversight Committee Reports Bipartisan Legislation to Audit Federal Reserve, U.S. House Committee on Oversight and Government Reform, 27 Jun 2012. Primary record
It is long past time for a real audit.
What does it mean that the Federal Reserve is "independent within the government"?, Board of Governors of the Federal Reserve System. Primary record
The Congress also structured the Federal Reserve to ensure that its monetary policy decisions focus on achieving these long-run goals and do not become subject to political pressures that could lead to undesirable outcomes.

Page history 1 change