Congress·In Committee·S. 2327

Federal Reserve Transparency Act of 2025

Senate Bill Would Require Full GAO Audit of the Federal Reserve Within 12 Months

Dec 11, 2025·View on Congress.gov·Read full text

Part of: Congress Moves to Mandate Comprehensive Audits of the Federal Reserve

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: A senate committeeNo action in 7 months

A senate committee must act next: committee consideration.

Legislative Progress

Senate

No action since December 2025

House

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from S. 3566 (118th), which died when its Congress ended.
S. 3566 (118th) →

Key Points

Requires the Government Accountability Office to do a full audit of the Federal Reserve’s main board and the regional Reserve banks.
Sets a deadline: the audit must be finished within 12 months after the bill becomes law.
After the audit, the Comptroller General must send Congress a detailed report within 90 days and share it broadly with members of Congress who ask.
Removes some current legal limits that block parts of the Federal Reserve from being audited, aiming to open more of its work to outside review.
Could affect public trust and future decisions about interest rates and emergency lending, depending on what the audit finds.

EconomyConsumer Protection

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Mixed Impacts(1)

Federal Employee

Neutral

Milestones

3 milestones3 actions

Dec 11, 2025Senate

Committee on Homeland Security and Governmental Affairs. Hearings held.

Jul 17, 2025Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jul 17, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Related News

2 articles

NKyTribune·Jul 24, 2025

Sen. Rand Paul reintroduces legislation to require audit of Federal Reserve, increase Congressional oversight

Senator Rand Paul has reintroduced the Federal Reserve Transparency Act to require a full audit of the Fed's operations. The bill mandates the GAO to conduct a complete audit of the Board of Governors and Reserve Banks within one year and report findings to Congress within 90 days.

Center Right

Coin World·Mar 16, 2025

Lawmakers call for an end to the Federal Reserve System

Rep. Thomas Massie reintroduced H.R. 24, the Federal Reserve Transparency Act of 2025, to audit the Federal Reserve. The bill requires the Comptroller General to conduct a full examination of the Board of Governors and Federal Reserve Banks, aiming to provide insight into secretive practices.

Center

No votes recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Federal Reserve Transparency Act of 2025

Bill NumberS 2327

Congress119th Congress

ChamberSenate

Latest ActionCommittee on Homeland Security and Governmental Affairs. Hearings held.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(6)

R: 6

Analysis generated by AI. Always verify with official sources.