Bill · S. 2327· Senate(119-S-2327)
Federal Reserve Transparency Act of 2025
- Introduced
- 7/17/2025
- Last activity
- 12/11/2025 — Committee on Homeland Security and Governmental Affairs. Hearings held.
- Sponsored by
- Rand Paul
- Cosponsors
- - 6 - 0
- Introduced
- In Committee
What this bill would do
The Federal Reserve Transparency Act of 2025 aims to increase oversight of the Federal Reserve. This bill 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. The audit must be completed within 12 months after the Act is enacted. Following the audit, the Comptroller General must submit a report to Congress and make it available to various legislative leaders and Members of Congress. This report is expected to include findings, conclusions, and recommendations for action.
Yes
Does this make what the government does easier for the public to see?+2
The bill enhances government transparency by mandating a full audit and public report of Federal Reserve activities.
Does this make the government pay for what it commits to?+1
The bill promotes fiscal responsibility by increasing oversight and transparency of the Federal Reserve's operations.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Oversight: The bill requires the Comptroller General to complete a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks (Section 2(a)). This provides a mechanism for checking the actions of these entities.
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Detailed Reporting: The Comptroller General must provide a report that includes a detailed description of findings and conclusions, along with potential recommendations for legislative or administrative action (Section 2(b)(2)). This ensures that the results of the audit are documented and actionable.
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Access to Information: The report must be made available to the Speaker of the House, leadership in both the House and Senate, committee leadership, and any Member of Congress who requests it (Section 2(b)(1)(B)). This allows elected officials to review the audit findings.
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+2
- Economy And Finance
- Improves Fiscal Responsibility+1
- 12/11/2025
- Committee on Homeland Security and Governmental Affairs. Hearings held.
- 7/17/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 6 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Marsha BlackburnRepublican · Tennessee
John BarrassoRepublican · Wyoming
Ted CruzRepublican · Texas
James RischRepublican · Idaho
Rick ScottRepublican · Florida
Todd YoungRepublican · Indiana