Install
Federal Reserve Transparency Act of 2025
A bill to require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.
- Introduced
- Committee
- Passed Senate
- Passed House
- To President
- Became law
Summary
Federal 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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Dec 11, 2025 Committee on Homeland Security and Governmental Affairs. Hearings held.
- Jul 17, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 17, 2025 Introduced in Senate
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