Federal Reserve Transparency Act of 2025
- Last Action
- 12/11/2025
Actions
- 2025-12-11Committee on Homeland Security and Governmental Affairs. Hearings held.
- 2025-07-17Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-07-17Introduced in Senate
CRS Summary
As of 2025-07-17 (00)
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.
Cosponsors (6)
- Rick Scott (R-FL)
- Marsha Blackburn (R-TN)
- James Risch (R-ID)
- Ted Cruz (R-TX)
- Todd Young (R-IN)
- John Barrasso (R-WY)
Subjects
- Accounting and auditing
- Bank accounts, deposits, capital
- Congressional oversight
- Federal Reserve System
- Government studies and investigations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.