You're right when I used the word I was referring to "Audit the Fed" slogan à la Bernie Sanders & Ron Paul. The bill in question that was striked down is here [0].
The bill's purpose
> ...If enacted, the bill would also have ensured that the
> audit results would be available to Congress. The audit
> would include the Fed's "discount window", its funding
> facilities, its open market operations, and its agreements with foreign bankers. [1]
This would effectively end the Fed's political independence. Agreements with foreign bankers seems acceptable, though even then it would be better to release it to a committee after a delay.
This would effectively end the Fed's political independence. Agreements with foreign bankers seems acceptable, though even then it would be better to release it to a committee after a delay.