HR 24
119th Congress
House
Finance and Financial Sector
Accounting and auditing
Bank accounts, deposits, capital
Congressional oversight
Federal Reserve System
Government studies and investigations
Federal Reserve Transparency Act of 2025
Introduced: January 3, 2025
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 2025
Referred to the House Committee on Oversight and Government Reform.
Jan 3, 2025
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Oversight and Government Reform.
Committees of jurisdiction
1