H.R. 24 · 119th Congress

Federal Reserve Transparency Act of 2025

In committee

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Bill details

Introduced: 1/3/2025

Current status: In committee

Introduced by: Thomas Massie (R · KY-04)

Bill ID: 119hr24

Latest official action: Referred to the House Committee on Oversight and Government Reform.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

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.

Source: BILLSUM · Summary date: 1/3/2025

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Last updated: 1/3/2025Source: BILLSUMBill: 119hr24Learn more →