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11.7 GAO Audits of the Fed; Fed Disclosure Regarding Assistance

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11.7 GAO Audits of the Fed; Fed Disclosure Regarding Assistance

 

 


            11.7.     GAO Audits of the Fed; Fed Disclosure Regarding Assistance.  Within 30 days after enactment, the GAO is to commence a one-time audit of all assistance provided by the Fed under its 13(3) powers from Dec. 1, 2007 up to the date of enactment.  The audit is to be completed, and a report filed with Congress, within 12 months of enactment.  Within one year of enactment, the GAO is to complete an audit of the governance of the Federal Reserve Bank system and report to Congress within 90 days thereafter.  [§1109]