To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill provides audit reform and transparency for the board of governors of the Federal Reserve System Notwithstanding section 714 of title 31, United States Code, or any other provision of law, the Comptroller General of. It relies on definition changes, appropriations, reporting requirements, and compliance mandates. The main policy areas are Transportation and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Transportation operators and users affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Provides audit reform and transparency for the board of governors of the Federal Reserve System Notwithstanding section 714 of title 31, United States Code, or any other provision of law, the Comptroller General of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides audit reform and transparency for the board of governors of the Federal Reserve System Notwithstanding section 714 of title 31, United States Code, or any other provision of law, the Comptroller General of.
Key Policy Areas
Transportation, Finance
Primary Purpose
The bill provides audit reform and transparency for the board of governors of the Federal Reserve System Notwithstanding section 714 of title 31, United States Code, or any other provision of law, the Comptroller General of.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Transportation operators and users affected by the bill
- Financial services firms and customers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Massie (for himself, Mr. Biggs, Mr. Bishop of North …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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