Proposed
Bill · 119th Congress · S 2327
Federal Reserve Transparency Act of 2025
Refreshed 5 h ago
Introduced 2025-07-17Topic: governance ethics · economy jobs · budgetSummary
Summary by the Congressional Research ServiceFederal Reserve Transparency Act of 2025 This bill directs the Government Accountability Office (GAO) to complete an audit of the Federal Reserve Board and Federal Reserve banks not later than 12 months after enactment. 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
- Rand Paul Republican sponsor
- 6 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-12-11 | Senate | Committee on Homeland Security and Governmental Affairs. Hearings held. | refer |
| 2025-07-17 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2025-07-17 | Introduced in Senate | introduce |