A bill 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 before the end of 2012, and for other purposes.
Federal Reserve Transparency Act of 2011 - Directs the Comptroller General to complete, before the end of 2012, 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.
Repeals specified limitations on such an audit.
Referred to the Subcommittee on Government Organization, Efficiency, and Financial Management.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 580.
Introduced in Senate
Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S282-283)
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