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H. Rept. 114-692 1 (2016-07-14)

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US. GOVERNMENT
INFORMATION
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                     114TH CONGRESS                                         REPORT
                        2d Session     HOUSE   OF REPRESENTATIVES           114-692







                          FEDERAL RESERVE TRANSPARENCY ACT OF 2015



                      JULY 14, 2016.-Committed to the Committee of the Whole House on the State of
                                        the Union and ordered to be printed



                     Mr. CHAFFETZ,  from  the Committee  on Oversight  and Government
                                      Reform,  submitted the following


                                              REPORT

                                                together with

                                            MINORITY VIEWS

                                            [To accompany H.R. 24]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee   on Oversight  and  Government   Reform,  to whom
                    was  referred the bill (H.R. 24) to require a full audit of the Board
                    of Governors   of the Federal Reserve  System   and  the Federal  re-
                    serve banks  by  the Comptroller  General of the United  States, and
                    for other  purposes, having  considered  the same,  report favorably
                    thereon  with  an  amendment and recommend that the bill as
                    amended   do pass.

                                                 CONTENTS
                                                                                     Page
                    Com mittee Statem ent and  Views  ...........................................................................  2
                    Section-by-Section  ....................................................................................................  4
                    Explanation of Am endm ents  ..................................................................................  5
                    Com m ittee Consideration  ........................................................................................  5
                    R oll C all  V otes  .........................................................................................................  5
                    Application of Law to the Legislative Branch .......................................................  5
                    Statement of Oversight Findings and Recommendations of the Committee ......         5
                    Statement of General Performance Goals and Objectives ....................................  5
                    Duplication of Federal Program s  ............................................................................  5
                    Disclosure of Directed  Rule  M akings  .....................................................................  5
                    Federal Advisory Com m ittee  Act  ............................................................................  6
                    Unfunded M andate Statem ent  ...............................................................................  6
                    Earm ark Identification  ............................................................................................  6
                    Com m ittee E stim ate  ................................................................................................  6
                    Budget Authority and Congressional Budget Office Cost Estimate ....................  6
                    Changes in Existing Law Made by the Bill, as Reported .....................................  7
                        59-006

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