Bill · H.R. 24· House(119-HR-24)

Federal Reserve Transparency Act of 2025

Age: 55 years

Kentucky

Introduced: 1/3/2025
Last activity: 1/3/2025 — Referred to the House Committee on Oversight and Government Reform.
Sponsored by: Thomas Massie
Cosponsors: - 46 - 0

Finance and Financial Sector

Introduced
In Committee

What this bill would do

This bill, known as the "Federal Reserve Transparency Act of 2025," aims to increase oversight of the Federal Reserve. It requires the Comptroller General of the United States to perform a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks. This audit must be completed within 12 months of the Act's enactment. Following the audit, a report containing findings, conclusions, and recommendations must be submitted to Congress and made available to various leaders and members of Congress. The legislation also includes several technical and conforming amendments to existing laws.

Yes

Does this make what the government does easier for the public to see?+5
The bill requires the Comptroller General to provide a detailed report of audit findings to Congress and its members.
Does this make the government pay for what it commits to?+3
The bill mandates a full audit of the Federal Reserve to increase oversight of its operations.