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H.R. 24 · 119th Congress

Federal Reserve Transparency Act of 2025

Introduced / in committeeEconomy

Details

Sponsor
Thomas Massie (R)
Introduced
2025-01-03
Origin
House
Policy area
Finance and Financial Sector
Latest action
2025-01-03 — Referred to the House Committee on Oversight and Government Reform.
Cosponsors
46

congress.gov

Summary

Federal Reserve Transparency Act of 2025 This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.

CRS summary — Introduced in House (2025-01-03)