news.cuna.org/articles/109098-inside-washington

Inside Washington

January 14, 2016

WASHINGTON (1/14/16)--The Federal Reserve Transparency Act of 2015 (S. 264), otherwise known as the “audit the Fed” act, fell short of the 60 votes needed to win a key procedural motion Tuesday, according to American Banker (Jan. 12). The bill would direct the U.S. Government Accountability Office to commence and complete an audit of the board of governors of the Federal Reserve System and of the Federal Reserve Banks within 12 months of enactment; and report findings and conclusions to Congress within 90 days of completing the audit…