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John Shimkus on The Federal Reserve
Voting Record
Federal Reserve Transparency Act
In July of 2012, the House voted to pass the Federal Reserve Transparency Act. This legislation would have enacted an audit of the private Federal Reserve Banking system. Although it passed with wide bipartisan support, it was not brought up in the Senate. John Shimkus voted in favor of the Federal Reserve Transparency Act.
John Shimkus voted in favor of the Federal Reserve Transparency Act.
Sponsored and Cosponsored Legislation
Session-111; Bill Number-H R 1207; Federal Reserve Transparency Act of 2009 - Cosponsor
Repeals the authority of the Comptroller General 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 2010, 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.