washington republican-controlled committee lawmakers approve bill tuesday allow congressional audit federal reserve monetary policy proposal feed policymakers oppose face uncertain path final approval democrats uniformly speak proposal meet house representatives committee oversight government reform suggest bill would face strong resistance past way hind independence say representative carolyn maloney new york democrat echo sentiment feed policymakers say could come political pressure avoid make unpopular decisions raise interest rat slow growth control inflation next step bill would floor vote entire house republicans hold solid majority republican president donald trump express support audit u.s. central bank election campaign remain unclear whether white house would back proposal republicans propose numerous bill obama administration open feed deep scrutiny argue add transparency would ensure feed accountable free outside influence currently feed publish detail audit finance keep inner work monetary policy deliberations secret publish transcripts policy meet five-year lag proposal approve tuesday would put end reign secrecy say representative thomas massie kentucky republican submit bill house already pass versions bill twice dozens democrats join nearly unanimous republican support 2012 2014. versions legislation die senate republicans control house congress narrow majority senate representative stephen lynch massachusetts among democrats vote favor similar legislation 2012 2014 come current proposal say could lead political interference feed lynch say hop compromise could find increase transparency feed require publish transcripts policy meet two years take place u.s. house committee approve bill increase scrutiny feed