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Federal Reserve Transparency Act of 2025
H.R. 24, 119th Congress
- Status
- In committee
- Introduced
- 01/03/2025
- Cosponsors
- 46
- Latest action
- 01/03/2025
About this bill
- Official title
- Federal Reserve Transparency Act of 2025
- Sponsor
- Thomas Massie (R-KY)
- Introduced in
- House
- Policy area
- Finance and Financial Sector
- Committees
- Oversight and Government Reform Committee
- Latest action
- Referred to the House Committee on Oversight and Government Reform.
Summary
Congressional Research Service, Introduced in House (01/03/2025)
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.
Actions
Newest first
- 01/03/2025 · House
Referred to the House Committee on Oversight and Government Reform.
- 01/03/2025
Introduced in House
Subjects: Accounting and auditing, Bank accounts, deposits, capital, Congressional oversight, Federal Reserve System, Government studies and investigations.
Source: U.S. Government Publishing Office, GovInfo Bill Status; Congressional Research Service summaries · Last updated 01/03/2025