Federal Reserve Transparency Act of 2025
Congress Moves to Require a Full Federal Reserve Audit and Report to Lawmakers
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Congress would require the Government Accountability Office’s head to do a full audit of the Federal Reserve Board and regional Reserve banks.
- The audit would have to be finished within 12 months after the bill becomes law.
- After the audit, a report would have to be sent to Congress within 90 days and shared with House and Senate leaders and committees.
- The bill would remove some current legal limits that restrict what parts of the Federal Reserve can be audited.
- If passed, it could affect how much the public and lawmakers can see about the Federal Reserve’s actions and programs.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Referred to the House Committee on Oversight and Government Reform.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articles
Young, Paul Reintroduce Legislation to Audit the Federal Reserve
Sens. Todd Young and Rand Paul reintroduce the Federal Reserve Transparency Act (“Audit the Fed”), calling for a GAO audit of the Board of Governors and Reserve Banks within one year of enactment and a report to Congress within 90 days.
Rep. Cammack Co-Sponsors Rep. Thomas Massie’s H.R. 24 To Audit The Fed
Rep. Kat Cammack announces co-sponsorship of H.R. 24, the Federal Reserve Transparency Act of 2025 (“Audit the Fed”), which would require the Comptroller General to conduct a full examination of the Federal Reserve Board and Reserve Banks.
Rep. Massie Reintroduces H.R. 24 to Audit the Federal Reserve
Repost/aggregation of Rep. Thomas Massie’s official announcement reintroducing H.R. 24, the Federal Reserve Transparency Act of 2025, to require a GAO audit of the Federal Reserve’s Board and regional Reserve Banks.
Source Information
Document Type
Congressional Bill
Official Title
Federal Reserve Transparency Act of 2025
Data Sources
Sponsor
Cosponsors
(46)Analysis generated by AI. Always verify with official sources.