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        <title>Federal Reserve Transparency Act of 2025</title>
        <congress>119</congress>
        <number>24</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2025-01-03</actionDate>
          <text>Referred to the House Committee on Oversight and Government Reform.</text>
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        <text>Committee on Homeland Security and Governmental Affairs. Hearings held.</text>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <fullName>Sen. Paul, Rand [R-KY]</fullName>
        <firstName>Rand</firstName>
        <lastName>Paul</lastName>
        <party>R</party>
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        <fullName>Sen. Scott, Rick [R-FL]</fullName>
        <firstName>Rick</firstName>
        <lastName>Scott</lastName>
        <party>R</party>
        <state>FL</state>
        <sponsorshipDate>2025-07-17</sponsorshipDate>
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      <item>
        <bioguideId>B001243</bioguideId>
        <fullName>Sen. Blackburn, Marsha [R-TN]</fullName>
        <firstName>Marsha</firstName>
        <lastName>Blackburn</lastName>
        <party>R</party>
        <state>TN</state>
        <sponsorshipDate>2025-07-17</sponsorshipDate>
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        <fullName>Sen. Risch, James E. [R-ID]</fullName>
        <firstName>James</firstName>
        <lastName>Risch</lastName>
        <party>R</party>
        <state>ID</state>
        <middleName>E.</middleName>
        <sponsorshipDate>2025-07-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>C001098</bioguideId>
        <fullName>Sen. Cruz, Ted [R-TX]</fullName>
        <firstName>Ted</firstName>
        <lastName>Cruz</lastName>
        <party>R</party>
        <state>TX</state>
        <sponsorshipDate>2025-07-17</sponsorshipDate>
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      </item>
      <item>
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        <fullName>Sen. Young, Todd [R-IN]</fullName>
        <firstName>Todd</firstName>
        <lastName>Young</lastName>
        <party>R</party>
        <state>IN</state>
        <sponsorshipDate>2025-07-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>B001261</bioguideId>
        <fullName>Sen. Barrasso, John [R-WY]</fullName>
        <firstName>John</firstName>
        <lastName>Barrasso</lastName>
        <party>R</party>
        <state>WY</state>
        <sponsorshipDate>2025-07-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <name>Finance and Financial Sector</name>
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    <subjects>
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          <name>Accounting and auditing</name>
          <updateDate>2026-01-05T17:42:21Z</updateDate>
        </item>
        <item>
          <name>Bank accounts, deposits, capital</name>
          <updateDate>2026-01-05T17:42:21Z</updateDate>
        </item>
        <item>
          <name>Congressional oversight</name>
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        <item>
          <name>Federal Reserve System</name>
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          <name>Government studies and investigations</name>
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      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2025-09-05T15:49:51Z</updateDate>
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        <actionDate>2025-07-17</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2026-04-06T16:44:04Z</updateDate>
        <text><![CDATA[<p><strong>Federal Reserve Transparency Act of 2025</strong></p><p>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,&nbsp;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.&nbsp;</p>]]></text>
      </summary>
    </summaries>
    <title>Federal Reserve Transparency Act of 2025</title>
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        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Federal Reserve Transparency Act of 2025</title>
        <updateDate>2025-12-12T12:03:20Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
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        <title>Federal Reserve Transparency Act of 2025</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
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        <title>A bill to require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.</title>
        <updateDate>2025-08-01T03:48:22Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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    </titles>
    <textVersions>
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        <type>Introduced in Senate</type>
        <date>2025-07-17T04:00:00Z</date>
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          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-119s2327is/xml/BILLS-119s2327is.xml</url>
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    <latestAction>
      <actionDate>2025-12-11</actionDate>
      <text>Committee on Homeland Security and Governmental Affairs. Hearings held.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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