Summary

1/3/2013--Introduced.Audit The Fed Act of 2013 - Repeals the authority of the Comptroller General (GAO) to carry out an onsite examination of an open insured bank or bank... Read More

Status

This bill was introduced on Jan 3, 2013, in a previous session of Congress, but was not passed.

Date Introduced
Jan 3, 2013

Bill Text

A BILL

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Audit The Fed Act of 2013''.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

(a) In General.--Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after ``shall audit an agency'' and inserting a period. (b) Audit.--Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection: ``(e) Audit and Report of the Federal Reserve System.-- ``(1) In general.--The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2014. ``(2) Report.-- ``(A) Required.--A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the...

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Sentiment Map

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Nation

326 Supporting
5 Opposing
98% 2%

State: CA

17 Supporting
0 Opposing
100% 0%

District: 1st

0 Supporting
0 Opposing
0% 0%

Popularity Trend

Organizations Supporting

No organizations supporting yet.

Organizations Opposing

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Users Supporting

I support H.R. 24 ("To require a full audit of the Board of Governors of the Federal Reserve System"). If you run a business, you find yourself doing many audits to ensure your solvency. When was the last time that anyone audited the FED. As Ronald Reagan was preparing to leave the Office of President of the United States, he signed an Executive Order to abolish the Federal Reserve Board, and return monetary disbursement back to the Department of the Treasury. What a novel idea... monetary control by the TREASURY!. Since the Federal Reserve Board has been re-established, I can not recall one time that it has been audited. Audit the FED now, get our monetary policy back to a balanced state, then die-establish the FED forever. Let the Department of the Treasury handle the money, and Congress disburse it. CONGRESS is in charge of all things financial, not the FED.

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TN
8
Gary_at_Poverty_Knob
TN-8
1 year ago

I support The Audit The Fed Act because...we need to know just what this private organization is doing. The Fed has too much power to operate so secretively. Time for an accounting

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UT
4
GoldwaterRepublican
UT-4
1 year ago

I support H.R. 33: Audit The Fed Act of 2013 because this is not a true federal agency. This was a scam by a bunch of rich individuals created to skim off taxpayer monies for their own personal gain and not be accountable to anyone, which indicates that they are above the law. This appears to be a hidden unauthorized tax which is one of the basis for establishment of the nation.

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KY
5
Winrdie
KY-5
2 years ago

I support H.R. 33: Audit The Fed Act of 2013 because this audit is long overdue. It is past time to move it from the "committee" and put it up for votes in the House and Senate. Concerned citizens want to see how our representatives in Congress vote on this urgent matter.

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AZ
4
Anonymous877581
AZ-4
2 years ago

I support H.R. 33: Audit The Fed Act of 2013 because...the Federal Reserve needs to be held accountable as long as they are in operation, but I submit that the Federal Reserve system be done away with completely.

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OH
12
Khiris
OH-12
2 years ago

I support H.R. 33: Audit The Fed Act of 2013 because we need to know what the money being printed is being spent on. There are a lot of Americans angry at the government right now. From the large amount of debt to the IRS targeting certain organizations. I ask you to support this sir as does need to happen. The ramifications of this could be far reaching. We need to fix the problems before they get out of anyone's ability to control.

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WV
3
kcor_77
WV-3
2 years ago

Users Opposing

No constituents opposing yet.

Bill Summary

1/3/2013--Introduced.Audit The Fed Act of 2013 - Repeals the authority of the Comptroller General (GAO) to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.) Directs the Comptroller General to complete, before the end of 2014, 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.

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