[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1495 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1495

    To provide for an audit of all gold owned by the United States.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 12, 2011

   Mr. Paul introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
    To provide for an audit of all gold owned by the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Gold Reserve Transparency Act of 
2011''.

SEC. 2. ASSAY, INVENTORY, AND AUDIT OF GOLD RESERVES.

    (a) The Secretary of the Treasury is directed to conduct and 
complete, not later than six months after the date of enactment of this 
Act, a full assay, inventory, and audit of gold reserves of the United 
States at the place or places where such reserves are kept, together 
with an analysis of the sufficiency of the measures taken for the 
security of such reserves.
    (b)(1) The Government Accountability Office shall review the 
results of such assay, inventory, audit, and analysis and, not later 
than nine months after the date of enactment of this Act, shall prepare 
and transmit to the Congress a report of its findings, together with 
the results of the assay, inventory, audit, and analysis conducted by 
the Secretary of the Treasury.
    (2) For purposes of such assay, inventory, audit, and analysis, the 
Government Accountability Office shall have access to any depository or 
other facility where such reserves are kept.
    (c) The Secretary of the Treasury shall make available, in order to 
facilitate the review of the Government Accountability Office under 
this Act, all books, accounts, records, reports, files, correspondence, 
memoranda, papers, or any other document, tape, or written, audio, or 
digital record pertaining to the assay, inventory, audit, and analysis 
required by this Act, as determined by the Government Accountability 
Office.
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