Federal Reserve Transparency Act of 2025
The summary
What this bill does
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.
Legislative timeline
From introduction
Jan 3, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - KY District 4 · R-KY
46 cosponsors
U.S. Representative - AZ District 5 · R-AZ
U.S. Representative - CO District 4 · R-CO
U.S. Representative - IL District 12 · R-IL
U.S. Representative - OK District 2 · R-OK
U.S. Representative - TN District 2 · R-TN
U.S. Representative - MO District 7 · R-MO
Member of Congress · R-FL
U.S. Representative - Virginia District 6 · R-VA
U.S. Representative - TX District 27 · R-TX
U.S. Representative - GA District 10 · R-GA
U.S. Representative - AZ District 2 · R-AZ
U.S. Representative - AR District 1 · R-AR
+ 34 more cosponsors
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 24 |
| Origin Chamber | House |
| Current Status | Referred to the House Committee on Oversight and Government Reform. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | January 3, 2025 |
| Latest Action | January 3, 2025 |
| Cosponsors | 46 · House vote — · — views |