Audit the Federal Reserve & its actions on mortgage loans. (Jan 2013)
Audit the Federal Reserve and its actions on mortgage loans.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
The bill title states it would require a full audit of the Board of Governors of the Federal Reserve System and the Federal Reserve banks. The GovInfo record lists Austin Scott of Georgia among the additional sponsors.
legacy_unverified · Source version not recorded · locator unknown
Congress.gov shows H.R. 24 had the status 'Passed House' and the latest action was 'Senate - 09/18/2014 Received in the Senate.' The bill page also lists one roll call vote and identifies Austin Scott as a cosponsor.
legacy_unverified · Source version not recorded · locator unknown
The all-actions page shows the bill was introduced and then passed the House, but the latest action shown is receipt in the Senate. No enactment action appears on the record.
legacy_unverified · Source version not recorded · locator unknown
The reported House version of H.R. 24 lists Austin Scott of Georgia among the cosponsors and states the bill would require a full audit of the Board of Governors of the Federal Reserve System and the Federal Reserve banks by the Comptroller General.
legacy_unverified · Source version not recorded · locator unknown
Congress.gov shows H.R. 24 passed the House on September 17, 2014, but its latest action was receipt in the Senate on September 18, 2014, and the tracker status remained Passed House rather than enacted law.
legacy_unverified · Source version not recorded · locator unknown
The all-actions page records the House vote on September 17, 2014, as 333-92 and then shows the bill received in the Senate on September 18, 2014, with no final enactment recorded.
legacy_unverified · Source version not recorded · locator unknown
Congress.gov lists H.R.24 in the 119th Congress as the Federal Reserve Transparency Act of 2025. Its latest action is referral to the House Committee on Oversight and Government Reform on 2025-01-03, and the tracker status is Introduced, not passed or enacted.
legacy_unverified · Source version not recorded · locator unknown
The House Clerk records Roll Call 504 on H.R.24, described as requiring a full audit of the Federal Reserve Board and Federal Reserve banks by the Comptroller General. The motion passed 333-92, and Austin Scott of Georgia voted Yea.
Assessments
Austin Scott materially supported legislation matching the promise by cosponsoring and voting for H.R. 24, the Federal Reserve Transparency Act, which would have required a full audit of the Federal Reserve Board and Federal Reserve banks. The 2014 bill passed the House but died after Senate receipt and was never enacted, and the 2025 version remains only introduced/referred. Because no full audit requirement was delivered, but Scott made a serious legislative attempt, the promise is not fulfilled and merits an effort badge.
Austin Scott materially supported legislation matching the promise by cosponsoring H.R. 24, the Federal Reserve Transparency Act, which would have required a full audit of the Federal Reserve System and Federal Reserve banks. The bill passed the House in September 2014 but was only received in the Senate and was not enacted, so the promised audit was not actually delivered. This counts as a serious legislative effort but not fulfillment.
Austin Scott cosponsored H.R. 24, the Federal Reserve Transparency Act, which matched the core promise to audit the Federal Reserve and passed the House in 2014. However, the bill did not pass the Senate or become law, and the record does not show the promised audit of the Federal Reserve or its mortgage-loan actions was actually completed. This was a serious legislative attempt but not a delivered outcome.