Proposed
Bill · 119th Congress · HR 24
Federal Reserve Transparency Act of 2025
Refreshed 5 h ago
Introduced 2025-01-03Topic: economy jobsSummary
Summary by the Congressional Research ServiceFederal 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.
Sponsors
- Thomas Massie Republican sponsor
- 44 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-01-03 | House | Referred to the House Committee on Oversight and Government Reform. | refer |
| 2025-01-03 | Introduced in House | introduce | |
| 2025-01-03 | Introduced in House | introduce |