Thursday Congressman Jason Chaffetz released the following statement after voting in favor of H.R. 3189, the Fed Oversight Reform and Modernization Act. This bill enacts reforms that require more openness and transparency at the Federal Reserve and includes audit provision language previously found in Audit the Fed bill.
“Openness and transparency at the Federal Reserve is long overdue. I have co-sponsored and supported a legislative fix since my first year in Congress. I am pleased to see audit provisions included with other important reforms in this bill that provide much needed oversight of the Federal Reserve. “