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Federal Reserve Transparency Act of 2025

USA119th CongressHR-24| House 
| Updated: 1/3/2025
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (46)
Sheri Biggs (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Barry Moore (Republican)Eric A. "Rick" Crawford (Republican)Marjorie Taylor Greene (Republican)Tim Burchett (Republican)Richard McCormick (Republican)Brett Guthrie (Republican)Andy Harris (Republican)Warren Davidson (Republican)Elijah Crane (Republican)Victoria Spartz (Republican)Mike Collins (Republican)Claudia Tenney (Republican)Andrew Ogles (Republican)Tom McClintock (Republican)Andy Biggs (Republican)Michael A. Rulli (Republican)Scott Perry (Republican)Gus M. Bilirakis (Republican)Anna Paulina Luna (Republican)H. Morgan Griffith (Republican)Nancy Mace (Republican)Kat Cammack (Republican)Brad Finstad (Republican)Tony Wied (Republican)Ron Estes (Republican)W. Gregory Steube (Republican)John R. Moolenaar (Republican)John H. Rutherford (Republican)Daniel Webster (Republican)Harriet M. Hageman (Republican)Michael Cloud (Republican)Mark E. Green (Republican)Lauren Boebert (Republican)Gary J. Palmer (Republican)Mary E. Miller (Republican)Abraham J. Hamadeh (Republican)Mike Bost (Republican)Brian K. Fitzpatrick (Republican)Randy K. Sr. Weber (Republican)Ben Cline (Republican)Ralph Norman (Republican)Josh Brecheen (Republican)Eric Burlison (Republican)

Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the Federal Reserve Transparency Act of 2025, mandates a comprehensive audit of the Board of Governors of the Federal Reserve System and all Federal Reserve banks. The Comptroller General of the United States is required to complete this audit within 12 months of the bill's enactment, overriding any existing statutory limitations on such reviews. Following the audit's completion, the Comptroller General must submit a detailed report to Congress within 90 days. This report will outline the audit's findings, conclusions, and any recommended legislative or administrative actions, and will be made publicly available to various congressional leaders and any requesting Member of Congress. The legislation also repeals specific language in current law that previously limited the scope of Federal Reserve audits, thereby expanding the Comptroller General's oversight authority. Additionally, it includes technical and conforming amendments to ensure consistency with the new, broader audit requirements, particularly concerning the definition and auditability of certain Federal Reserve programs or facilities.
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Timeline

Bill from Previous Congress

HR 116-24
Federal Reserve Transparency Act of 2019

Bill from Previous Congress

HR 117-24
Federal Reserve Transparency Act of 2021

Bill from Previous Congress

HR 118-24
Federal Reserve Transparency Act of 2023

Bill from Previous Congress

HR 115-24
Federal Reserve Transparency Act of 2017
Jan 3, 2025
Introduced in House
Jan 3, 2025
Referred to the House Committee on Oversight and Government Reform.
Dec 11, 2025

Latest Companion Bill Action

S 119-2327
Committee on Homeland Security and Governmental Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-24
    Federal Reserve Transparency Act of 2019


  • Bill from Previous Congress

    HR 117-24
    Federal Reserve Transparency Act of 2021


  • Bill from Previous Congress

    HR 118-24
    Federal Reserve Transparency Act of 2023


  • Bill from Previous Congress

    HR 115-24
    Federal Reserve Transparency Act of 2017


  • January 3, 2025
    Introduced in House


  • January 3, 2025
    Referred to the House Committee on Oversight and Government Reform.


  • December 11, 2025

    Latest Companion Bill Action

    S 119-2327
    Committee on Homeland Security and Governmental Affairs. Hearings held.

Finance and Financial Sector

Related Bills

  • S 119-2327: Federal Reserve Transparency Act of 2025
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations

Federal Reserve Transparency Act of 2025

USA119th CongressHR-24| House 
| Updated: 1/3/2025
This bill, titled the Federal Reserve Transparency Act of 2025, mandates a comprehensive audit of the Board of Governors of the Federal Reserve System and all Federal Reserve banks. The Comptroller General of the United States is required to complete this audit within 12 months of the bill's enactment, overriding any existing statutory limitations on such reviews. Following the audit's completion, the Comptroller General must submit a detailed report to Congress within 90 days. This report will outline the audit's findings, conclusions, and any recommended legislative or administrative actions, and will be made publicly available to various congressional leaders and any requesting Member of Congress. The legislation also repeals specific language in current law that previously limited the scope of Federal Reserve audits, thereby expanding the Comptroller General's oversight authority. Additionally, it includes technical and conforming amendments to ensure consistency with the new, broader audit requirements, particularly concerning the definition and auditability of certain Federal Reserve programs or facilities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-24
Federal Reserve Transparency Act of 2019

Bill from Previous Congress

HR 117-24
Federal Reserve Transparency Act of 2021

Bill from Previous Congress

HR 118-24
Federal Reserve Transparency Act of 2023

Bill from Previous Congress

HR 115-24
Federal Reserve Transparency Act of 2017
Jan 3, 2025
Introduced in House
Jan 3, 2025
Referred to the House Committee on Oversight and Government Reform.
Dec 11, 2025

Latest Companion Bill Action

S 119-2327
Committee on Homeland Security and Governmental Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-24
    Federal Reserve Transparency Act of 2019


  • Bill from Previous Congress

    HR 117-24
    Federal Reserve Transparency Act of 2021


  • Bill from Previous Congress

    HR 118-24
    Federal Reserve Transparency Act of 2023


  • Bill from Previous Congress

    HR 115-24
    Federal Reserve Transparency Act of 2017


  • January 3, 2025
    Introduced in House


  • January 3, 2025
    Referred to the House Committee on Oversight and Government Reform.


  • December 11, 2025

    Latest Companion Bill Action

    S 119-2327
    Committee on Homeland Security and Governmental Affairs. Hearings held.
Thomas Massie

Thomas Massie

Republican Representative

Kentucky

Cosponsors (46)
Sheri Biggs (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Barry Moore (Republican)Eric A. "Rick" Crawford (Republican)Marjorie Taylor Greene (Republican)Tim Burchett (Republican)Richard McCormick (Republican)Brett Guthrie (Republican)Andy Harris (Republican)Warren Davidson (Republican)Elijah Crane (Republican)Victoria Spartz (Republican)Mike Collins (Republican)Claudia Tenney (Republican)Andrew Ogles (Republican)Tom McClintock (Republican)Andy Biggs (Republican)Michael A. Rulli (Republican)Scott Perry (Republican)Gus M. Bilirakis (Republican)Anna Paulina Luna (Republican)H. Morgan Griffith (Republican)Nancy Mace (Republican)Kat Cammack (Republican)Brad Finstad (Republican)Tony Wied (Republican)Ron Estes (Republican)W. Gregory Steube (Republican)John R. Moolenaar (Republican)John H. Rutherford (Republican)Daniel Webster (Republican)Harriet M. Hageman (Republican)Michael Cloud (Republican)Mark E. Green (Republican)Lauren Boebert (Republican)Gary J. Palmer (Republican)Mary E. Miller (Republican)Abraham J. Hamadeh (Republican)Mike Bost (Republican)Brian K. Fitzpatrick (Republican)Randy K. Sr. Weber (Republican)Ben Cline (Republican)Ralph Norman (Republican)Josh Brecheen (Republican)Eric Burlison (Republican)

Oversight and Government Reform Committee

Finance and Financial Sector

Related Bills

  • S 119-2327: Federal Reserve Transparency Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingBank accounts, deposits, capitalCongressional oversightFederal Reserve SystemGovernment studies and investigations