H.R. 459, Federal Reserve Transparency Act of 2012

Cost Estimate

As ordered reported by the House Committee on Oversight and Government Reform on June 27, 2012

H.R. 459 would direct the Government Accountability Office (GAO) to prepare audits of the Board of Governors of the Federal Reserve System and the Federal Reserve banks. The first audit would cover all of the activities of the Federal Reserve, and the second would review loan files of foreclosed homeowners.