Federal Reserve Financial Accountability and Transparency Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- May 1, 2025
What it does
The bill would amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to include detailed financial accountability and transparency by mandating that its annual report include detailed breakdowns of expenditures and staffing across specific functional categories for each Federal Reserve bank, as well as the top three research areas by spending and staffing for both the Board and each bank, and annual expenditures tied to each proposed or finalized rule, guidance, or policy statement. These requirements would apply to the Federal Reserve System and its component banks, affecting how they report internal operations and resource allocation. The amendments…
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.