#aacth ,,congress  #b;d ,session  ,h4   
,r4 #bd  ,,an ,,act  ,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    
,states1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,federal ,reserve ,transparency ,act
 of #bjad4  #b4 ,audit reform and       
transparency for the ,board of          
,governors of the ,federal ,reserve     
,system  7a7 ,in general                
,notwithstanding section #gad of title  
#ca1 ,united ,states ,code1 or any other
 provision of law1 the ,comptroller     
,general shall complete an audit of the 
,board of ,governors of the ,federal    
,reserve ,system and the ,federal       
reserve banks under subsection 7b7 of   
such section #gad within #ab months     
after the date of the enactment of this 
,act4  7b7 ,report  7#a7 ,in general    
,not later than #ij days after the audit
 required pursuant to subsection 7a7 is 

completed1 the ,comptroller ,general--  
7,a7 shall submit to ,congress a report 
on such audit2 and  7,b7 shall make such
 report available to the ,speaker of the
 ,house1 the majority and minority      
leaders of the ,house of                
,representatives1 the majority and      
minority leaders of the ,senate1 the    
,chairman and ,ranking ,member of the   
committee and each subcommittee of      
jurisdiction in the ,house of           
,representatives and the ,senate1 and   
any other ,member of ,congress who      
requests the report4  7#b7 ,contents    
,the report under paragraph 7#a7 shall  
include a detailed description of the   
findings and conclusion of the          
,comptroller ,general with respect to   
the audit that is the subject of the    
report1 together with such              
recommendations for legislative or      
administrative action as the            
,comptroller ,general may determine to  
be appropriate4  7c7 ,repeal of certain 
limitations ,subsection 7b7 of section  

#gad of title #ca1 ,united ,states      
,code1 is amended by striking the second
 sentence4  7d7 ,technical and          
conforming amendments ,section #gad of  
title #ca1 ,united ,states ,code1 is    
amended--  7#a7 in subsection 7d77#c7-- 
7,a7 in subparagraph 7,a7--  7i7 by     
striking or 7f72  7ii7 in clause 7i71 by
 striking or 7f72 and  7iii7 in clause  
7ii71 by striking or 7f72 and  7,b7 in  
subparagraph 7,c71 by striking or 7f72  
and  7#b7 by striking subsection 7f74   
,passed the ,house of ,representatives  
,september #ag1 #bjad4;,clerk4